Two of the largest solar power plants in South Africa come online

Together, the Lesedi and Letsatsi utility-scale solar projects will power more than 130,000 homes through the Eskom South African electric grid (Image: Aerial of Letsatsi from April 2014 | Photo courtesy of SolarReserve)

SolarReserve announced two utility-scale solar projects in South Africa are now operational. The Lesedi and Letsatsi projects, located in Northern Cape and the Free State respectively, each have a capacity of 75 megawatts. Together they will power more than 130,000 homes through the Eskom South African electric grid. The projects both have 20-year power purchase agreements with Eskom.

The developments are among the largest renewable energy projects in Africa and two of the largest project finance transactions in South Africa. The projects were developed and financed through a partnership, which included SolarReserve, the IDEAS Managed Fund, the Kensani Group, GCL Poly Energy Holdings and Intikon Energy.

"The social and economic benefits that these projects are imparting in South Africa today demonstrate the positive results of close cooperation between the U.S. and South African governments along with private companies in each nation," said SolarReserve's CEO Kevin Smith.

As part of the South African Renewable Energy Independent Power Producer Procurement Program, the projects set aside a percentage of total project revenues for enterprise and socio-economic development, which will be invested for the benefit of the local communities.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
( 06/16/2015 / 02:00 PM Eastern Daylight Time / 01:00 PM Central Daylight Time / 11:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Turnaround Bolting Optimization

Improving turnaround safety, quality and schedule with innovative bolting methods. Join our speakers as they address the following topics: Improving job-site safety with innov...
Sponsored by

Latest Energy Jobs

View more Job Listings >>