Deal #10542

South Africa
Created at
2024-08-21
Last update
2024-08-26

Land area

Intended size
3 000 ha
Size under contract (leased or purchased area)
  • [2016, current] 3 000 ha
Comment on land area
The land lease contracts for the Copperton Wind Farm project were formalized between 2016 and 2018. This period corresponds to the time needed to complete the pre-feasibility studies and secure the necessary permits before beginning construction at the end of 2018

Intention of investment

Intention of investment
  • [2016, current] For carbon sequestration/REDD, Wind farm (3 000 ha)

Carbon offset project

Carbon offset project
Yes

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2016, current] Concluded (Contract signed)
Comment on negotiation status
Although it is known that the land for the Copperton Wind Farm project was leased, the exact year when the contract was finalized is not precisely documented. However, it is likely that the leases were formalized between 2016 and 2018, prior to the start of construction at the end of 2018​.

Implementation status

Implementation status
  • [2018] Startup phase (no production)
  • [2023, current] In operation (production)

Leasing fees

Comment on leasing fee
2% of the gross revenue generated by the project.