R6.5bn renewables boost as construction starts at Biotherm plants
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South Africa’s internationally admired renewable energy programme was jumpstarted by the Ramaphosa administration, with the new president’s immediate deployment of a new Minister helping to accelerate the latest agreement with the private sector.
Biotherm Energy, a participant in the very first Renewables round back in 2011, returned to the fray for the latest edition. But with Round Four dragging on four two years, when the green light finally came, Biotherm needed a different BEE solution. That opened the way for a new association between the leading Renewables group and a well established RMB and Thebe partnership.
With the funding completed the construction phase of a R6.5bn investment now begins, with four new plants built, adding 283 megawatts to the South African grid. Solar plants will be built in the Northern Cape at Konkoonsies – 86 mw – and Aggneys – 45MW. And winds generating plants in the Cape at Bedford – 120 mw - and Swellendam – 32Mw.
In this special podcast we hear from RMB transactor Mphokolo Makara who was intimately involved in shepherding the all important financial side of the transaction.
Biotherm Energy, a participant in the very first Renewables round back in 2011, returned to the fray for the latest edition. But with Round Four dragging on four two years, when the green light finally came, Biotherm needed a different BEE solution. That opened the way for a new association between the leading Renewables group and a well established RMB and Thebe partnership.
With the funding completed the construction phase of a R6.5bn investment now begins, with four new plants built, adding 283 megawatts to the South African grid. Solar plants will be built in the Northern Cape at Konkoonsies – 86 mw – and Aggneys – 45MW. And winds generating plants in the Cape at Bedford – 120 mw - and Swellendam – 32Mw.
In this special podcast we hear from RMB transactor Mphokolo Makara who was intimately involved in shepherding the all important financial side of the transaction.
