ENGIE reach financial close on two 75MW REIPPPP Bid Window 5 solar projects in South Africa

News Flash

  • ENGIE with local partner in South Africa, Pele Green Energy, have reached financial close on two 75MW REIPPPP Bid Window 5 solar projects located in Graspan in the Northern Cape and Grootspruit in the Free State respectively. 
  • They were awarded preferred bidder status back in October 2021.
  • Projects have struggled to reached financial close in Bid Window 5 and after repeated extended deadlines, only 13 of the 25 projects awarded have now reached financial close.
  • The remaining 12 projects have a final deadline of 31st December 2023. Read more  

Author: Bryan Groenendaal

 

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Green Building Africa promotes the need for net carbon zero buildings and cities in Africa. We are fiercely independent and encourage outlying thinkers to contribute to the #netcarbonzero movement. Climate change is upon us and now is the time to react in a more diverse and broader approach to sustainability in the built environment. We challenge architects, property developers, urban planners, renewable energy professionals and green building specialists. We also challenge the funding houses and regulators and the role they play in facilitating investment into green projects. Lastly, we explore and investigate new technology and real-time data to speed up the journey in realising a net carbon zero environment for our children.

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