Thursday, October 27, 2011

Finance Risks Ease As South Africa Enters Round 4 Bidding

Finance Risks Ease As South Africa Enters Round 4 Bidding

Pr'ecis:

As the original wind farms awarded under Rounds 1 and 2 of the REIPPP are starting to come online, Round 4 is beginning to see reduced financial risk. We check in with two individuals involved in both rounds.

"BY SUSAN KRAEMER"

Vestas supplied the 2 MW turbines for West Coast One which was awarded Preferred Bidder status in Round 2; achieving financial close and a 20 year contract with Eskom for the 90 MW wind farm in mid 2013. James White, South Africa Country Manager for Vestas, was their first employee in the country seven years ago, giving him a unique overview of the developing programme.

WIND INDUSTRY BUILT FROM SCRATCH

Image:


Primary Event:

2nd Annual Wind Energy Summit, Cape Town

Premium`:


No

Image Caption:


Located in the Nelson Mandela Bay Metropolitan Municipality of the Eastern Cape province, the 61.5 MW Grassridge wind farm consists of 20 Vestas V112 wind turbines, each with a unit capacity of 3.075 MW. The Grassridge wind farm is the first of the three projects awarded to EDF Energies Nouvelles in 2012 under the competitive tender for renewable energies projects held by the South African government.

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Reference: green-energy-technologies.blogspot.com

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