- Sustainable Power Solutions (SPS) has announced the acquisition of two 5MW solar projects in Malmesbury, Swartland through the purchase of the shareholding in Slimsun Too (Pty) Ltd.
SPS further announced the signing of a Power Purchase Agreement (PPA) with Energy Exchange, the energy trading company jointly owned by Remgro and RMB, for the offtake of the energy from these plants. The plants are being constructed on land owned by Anthony Corin of Franco Afrique Technologies, a pioneering force in South Africa’s renewable energy sector.
This strategic acquisition, finalised earlier this year, grants SPS full ownership of Slimsun Too, which holds the development rights for two 5MW solar plants in the Malmesbury region. The projects will connect to the Eskom Eenboom Substation, utilising the Eskom network to deliver energy to Energy Exchange’s customers.
Construction of the first phase is slated to begin in July 2024, with completion anticipated by May 1, 2025. The second phase will commence in May 2025 and is projected to be completed within 12 months thereafter. Each phase has an investment value of approximately R85 million per solar plant.
Author: Bryan Groenendaal
