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The primary sources of renewable energy in South Africa are solar, wind, hydroelectric and biomass. Investment in renewable energy in SA can provide decent jobs and increase skills. SA is a solar-rich country with one of the highest solar resources in the world.
An established company in the energy space, focusing on renewable energy projects specifically in South Africa and the Africa continent is looking for investors for a viable, profitable and feasible renewable energy project in Limpopo Province of South Africa.
About this project in the Limpopo Province of South Africa:
Type of Project - 80MW
Energy Generation Project – Solar PV Technology, Grid Tie, generating electricity during all sunshine hours per day.
The SPV will sell electricity generated by the proposed plant to an already identified client at an agreed and commercially viable c/kWh basis.
At an estimated exchange rate of USD: ZAR of 15 the requirement in ZAR is R1,080,000,000 excluding all taxes, VAT and levies that might be applicable.
Bankable Power Purchase Agreement with the proposed off-taker for a period of 25 years.
Proposed Project Start Date: 2021
Proposed Completion Date: Within 18 – 24 months from the start date.
Payback period at 100% Equity: 15 years
Development Fee and First Phase Capital Requirement:
For the project to proceed, it is estimated that 12% of the capital value = R129,600,000 is required.
Contact me today for more details about this exciting opportunity!
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