UK Climate Investments Celebrates Funding Contributing to 254MW Clean Energy Projects in South Africa

  • UK Climate Investments has marked the delivery of 254 MW of clean energy projects it has helped finance in South Africa following the inauguration of Kruisvallei Hydro, a 4 MW run-of-river hydropower facility in the Free State province. 
  • Kruisvallei Hydro is the last of three renewable energy projects part-financed by the UK Government’s International Climate Finance programme, UK Climate Investments, to have entered commercial operation. 
  • The milestone at Kruisvallei Hydro follows the successful delivery of the 110 MW Perdekraal East Wind Farm in the Western Cape province and the 140 MW Kangnas Wind Farm in the Northern Cape province in October and November last year.

UK Climate Investments’ R253 million (~£13 million) partnership with the majority black-owned and managed developer of renewable energy projects H1 Holdings has created around 385 jobs during construction phase and is expected to provide a further 195 jobs over the projects’ 20-year lifecycle.

“It has been an honour to see these important projects come to life over the past two years. In addition to supporting South Africa’s low carbon transition by providing enough clean electricity to power nearly 200,000 homes per year, these projects have delivered opportunities for employment, skills development, and investment in rural communities across the region,” said Richard Abel, Managing Director of UK Climate Investments.

“Much needed funding is required to transform South Africa’s energy mix and promote cleaner, greener energy systems. Our partnership with UK Climate Investments has been critical to the delivery of these projects, which will play a role in supporting South Africa to build back better and greener from the COVID-19 pandemic,” commented Reyburn Hendricks, Chief Executive Officer of H1 Holdings

The three projects will help avoid approximately 844,000 tonnes of greenhouse gas emissions per annum over their lifetime, which is equivalent to taking 182,000 cars off the road for a year. In addition to supporting South Africa’s low carbon transition, each project has also committed a percentage of its annual revenue to community initiatives supporting education, housing and sustainable enterprise development in surrounding areas.

Author: Bryan Groenendaal

Leave A Reply

About Author

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.

Receive the week’s most popular stories in your inbox every Saturday morning