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Deal #8237 Version #91916

South Africa

Created at

2020-08-10

Last update

2024-02-23

Last full update

2024-09-11

Operating Company

Operating company

Actors involved in the negotiation / admission process

South African government Government / state institutions (government, ministries, departments, agencies etc.)

Name of investment project

Konkoonsies II Solar PV

Comment on investment chain

MIGA has issued guarantees in support of the construction, ownership and operation. The guarantees provide protection against the risks of Transfer and Inconvertibility, Expropriation, Breach of Contract, and War & Civil disturbance for up to 15 years. BioTherm Energy has rebranded to BTE Renewables. The project was awarded preferred bidder status under the South African Renewable Energy Independent Power Producers Programme (REIPPPP) bid window 4 in 2015 and reached financial close in 2018.

Network of parent companies and tertiary investors/lenders

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