| Deal #8237 | Version 91959 | Version 94072 |
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General info | ||
| Size under contract (leased or purchased area) |
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| Comment on land area | This facility consists of 250,160 single axis tracking polycrystalline silicon PV modules and covers 215.57 hectares. | This facility consists of 250,160 single axis tracking polycrystalline silicon PV modules and covers 215.57 hectares. |
| Comment on intention of investment | Gnerating enough energy to supply an estimated 35,000 homes in South Africa with clean, sustainable electricity. | |
| Carbon offset project | No | |
Employment | ||
Investor info | ||
| 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. | 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.Electricity sold to Eskom under 20-year PPAs signed in 2018. |
Local communities / indigenous peoples | ||
Former use | ||
Produce info | ||
| Electricity generation |
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| Comment on electricity generation | The project reached its commercial operations date in September 2020 and generates 216.5 GWh per annum, generating enough energy to supply an estimated 35,000 homes in South Africa with clean, sustainable electricity. | |
Water | ||
Gender-related info | ||
Overall comment | ||
| Overall comment | Next to an older solar farm also developed by BioTherm but sold to Globaleq. BioTherm develops a number of other re-usable energy projects in South Africa. Konkoonsies II is a second phase project to the Konkoonsies I solar energy facility, which was also built by BTE Renewables as part of the REIPPPP bid window 1 projects. | Next to an older solar farm also developed by BioTherm but sold to Globaleq. BioTherm develops a number of other re-usable energy projects in South Africa. Konkoonsies II is a second phase project to the Konkoonsies I solar energy facility, which was also built by BTE Renewables as part of the REIPPPP bid window 1 projects.
The company has another deal in Eastern Cape and Western Cape, South Africa (Golden Valley and Excelsior wind plants) |
Meta | ||
| Fully updated | No | Yes |
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