Infocus International Announces New Online Training on Renewable Energy Power Purchase Agreements
Infocus International Group has announced a brand new online training – Renewable Energy Power Purchase Agreements (RE PPAs) and it will be commencing live on 3 August 2021. The practical models and techniques for analyzing & structuring, drafting, and negotiating Renewable Energy Power Purchase Agreements for bankable green investments in today’s competitive energy markets.Continue reading View more
Mineral Resources and Energy on new bidders for the RMIPPP Programme
The Department of Mineral Resources and Energy announces the appointment of three additional preferred bidders under the Risk Mitigation Independent Power Producer Procurement (RMIPPP) Programme following the completion of value for money negotiations, as indicated by the Minister during the announcement of the other 8 Preferred Bidders on 18th March 2021.
The additional Preferred Bidders announced by the Department are as follows:
|Project Name||Evaluation Price (ZAR)||Contracted Capacity (MW)||Location(Province)||Technology||Jobs Years to be created for RSA Citizens|
|Scatec Kenhardt 2||1 884.61||50.00||Northern Cape||Solar Photovoltaic and Battery Storage||Construction – 605 Operations – 1 051|
|Scatec Kenhardt 1||1 884.64||50.00||Northern Cape||Solar Photovoltaic and Battery Storage||Construction – 605 Operations – 1 051|
|Scatec Kenhardt 3||1 884.56||50.00||Northern Cape||Solar Photovoltaic and Battery Storage||Construction – 605 Operations – 1 051|
The three additional preferred bidder projects will add a total of 150MW to the national grid, bringing the total megawatts procured under the RMIPPPP to 1995.76MW. These projects will be required to achieve Financial Close by the end of September 2021.
The RMIPPPP bid window was released to the market in August 2020, following the promulgation of the Ministerial Determination of 2 000MW, with concurrence from NERSA. The main objective of the bid window is to meet the supply gap indicated in the Integrated Resource Plan (IRP2019), and reduce the extensive utilisation of expensive diesel-based peaking electrical generators in the medium to long term. The Request for Proposals (RFP) for the RMIPPPP allowed for a portfolio approach whereby a developer could bid on a portfolio of facilities, which will constitute one project. This approach has attracted a combination of technologies and facilities at the same or different geographical locations.
Courtesy: www.gov.zaView more
STANLIB aquires stake in Mulilo Group displaying confidence in power sector
Mulilo Energy Holdings has announced the acquisition by STANLIB’s Infrastructure Investments unit of a 10% equity stake, in the R1.8bn privately-owned renewable energy developer.
This transaction is strategic and complementary to both Mulilo and STANLIB. It provides Mulilo with a robust financial partner that has an appetite to invest in new developments and planned growth. Similarly, it offers STANLIB access to a leading South African renewable energy platform with a strong development pipeline, of close to 3 gigawatts (GWs) of large-scale wind and solar PV projects.
The parties have announced their intention to participate in the strategic infrastructure 2 000 MW Risk Mitigation Power Procurement Programme, as well the future Renewable Energy Independent Power Producer Procurement Programme (REI4P) Round 5 and further bidding rounds.
Additionally, Mulilo is involved in several projects that provide clean energy to large industrial and commercial energy users, across the country.
The renewable energy market in South Africa is set to exponentially grow over the next decade in line with the gazetted 2019 Integrated Resource Plan (IRP), which outlines increased allocations for both wind and solar PV power, up to 2030.
Furthermore, with the expected decommissioning of over 24 GWs of coal power plants, in the period beyond 2030 to 2050, the country’s IRP has further opened up opportunities for the renewable energy sector to support the country’s post-Covid-19 economic recovery plan.
Mulilo is one of South Africa’s largest renewables groups with a combined operational capacity of close to 500 MWs of solar PV and wind projects. It has a development pipeline of renewable energy projects of 3 GWs in South Africa and regularly participates in opportunities on the rest of the African continent. Part of the company’s growth strategy is to actively pursue the acquisition of equity stakes, in operating renewable energy projects.
STANLIB Infrastructure Investments manages a number of infrastructure funds and recently announced the successful close of its second fund, STANLIB Infrastructure Fund II, attracting over R4.5bn of new committed capital. The Fund is managed by an experienced investment team and targets equity and quasi-equity investments in infrastructure projects, with a primary focus on renewable energy investments in South Africa.