South Africa set for €160m wind farm

GDF SUEZ has taken a 43 per cent stake in a 94 MW wind farm in South Africa.

The €160m ($212m) West Coast One wind project is located 130 km north of Cape Town and is owned by a GDF SUEZ-led consortium. Asset management group Investec owns 34.5 per cent, South African investment company Kagiso Tiso Holdings has a 20% interest and the remaining 2.5 per cent will be allocated to a community trust.

The consortium was selected as preferred bidder for this project in May 2012 and signed a 20-year power purchase agreement with South African state utility Eskom. The wind farm is expected to be operational in 2015.

GDF SUEZ chairman Gerard Mestrallet: “West Coast One demonstrates our growth ambitions in fast growing markets, and supports South Africa’s objective of increasing the contribution from renewable power in its generation mix.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...