News Flash
South Africa’s Mineral Resources and Energy Minister, Hon Gwede Mantashe. Credit: AFP
- South Africa’s Minister of Mineral Resources and Energy (DMRE), Mr Gwede Mantashe, tonight announced the preferred bidders in the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Bid Window 5.
- A total of 1000MW solar and 1583MW wind power technology will be procured under Bid Window 5 from 25 preferred bidders .
- Mantashe announced that record bid tariffs were achieved.
- Average weighted price bid for solar comes in at (R) 42.9c kW/h while the average bid for wind is (R) 49.5c kW/h
- The 25 projects are expected to inject private sector investment of around R50 billion into the SA economy and create some 13 900 job opportunities.
- The bidders have further committed a total of R2.7 billion towards socioeconomic development over the 20-year lifetime of the projects.
- Link to the Ministers full speech HERE
Mantashe pointed out that just under 50% of the bidders are South African, with an average of 34.7% shareholding being owned by black people. The preferred bidders have also committed to 25% black participation in companies that will be building the various projects.
The 25 projects announced as preferred bidders (capacity not specified) are:
At the press briefing it was announced that feed in capacity for renewables will be saturated in the Western and Northern Cape once the Round 5 projects are commissioned.
Link to the Ministers full speech HERE
Author: Bryan Groenendaal
