Apr 27 | 2023
“The signing of this PPA marks a tremendous shift towards the sustainable development of the national and regional power markets,”
AMEA Power, a Dubai based renewable energy company, has executed a 25-year Power Purchase Agreement (PPA) with GreenCo Power Services (GreenCo) for an 85MW solar PV power plant in South Africa as an energy crisis pushes more demand for alternative sources of power in one of Africa’s biggest economies.
The power plant, to be located in the country’s North West Province, will generate around 220GWh of clean energy per year.
“The signing of this PPA marks a tremendous shift towards the sustainable development of the national and regional power markets,” Chief Executive Office of GreenCo, Ana Hajduka, said in a statement. Grenco is a private energy trader and member of the Southern African Power Pool. “GreenCo and AMEA Power have within a few months made immense strides and paved the way for an efficiently structured project development and offtake model to be rolled out in South Africa.”
Partnership for clean energy
The project will be financed by Standard Bank of South Africa and is expected to commence construction during the third quarter of 2023. The 85MW solar PV power plant will start delivering power into the national grid in early 2025.
AMEA Power, GreenCo and Standard Bank have also entered into a cooperation agreement that seeks to stimulate the onboarding of renewable energy generation in South Africa. That way, they hope to resolve the current electricity crisis affecting businesses and households.
“The widespread electricity shortages in South Africa are impacting people’s everyday lives and crippling businesses,” Chairman of AMEA Power, Hussain Al Nowais, said. “As part of AMEA Power’s goal to deliver clean energy across Africa, the Company is on track to deliver several large renewable energy projects in South
Africa over the coming few years.”
New office to accelerate energy stability with renewable energy
Most of South Africa’s generated electricity—around 80%—comes from coal-fired power plants.
But the country aims to increase the share of renewable energy in its energy mix from 11% to 41% by 2030. South Africa also plans to decommission between 8GW and 12GW of coal fired power plants over the next decade.
To play a key role in realizing these targets, AMEA Power opened a new regional hub in Johannesburg. With employees recruited from South Africa, the hub will focus on business development and execution of projects across the country.
Part of those projects include a 120MW solar photovoltaic (PV) project awarded to AMEA Power in late 2022 under the Sixth Bid Submission Phase of the Renewable Energy Independent Power Producer Procurement (REIPPP) Program.
Located near the town of Klerksdorp in the North West Province, the Doornhoek PV solar project will generate more than 325GWh of clean energy per year and power around 25,000 households. When completed, the project is expected to offset 290,000 tonnes of carbon dioxide emissions annually. The Doornhoek PV Project will sell electricity to the state utility, Eskom, under a 20-year Power Purchase Agreement.
AMEA Power says it has also secured a number of sites suitable for the development of a further 1GW of renewable energy projects, which the Company will bid into future REIPPP Programs, and provision for private sector consumers in South Africa.
The power plant, to be located in the country’s North West Province, will generate around 220GWh of clean energy per year.
“The signing of this PPA marks a tremendous shift towards the sustainable development of the national and regional power markets,” Chief Executive Office of GreenCo, Ana Hajduka, said in a statement. Grenco is a private energy trader and member of the Southern African Power Pool. “GreenCo and AMEA Power have within a few months made immense strides and paved the way for an efficiently structured project development and offtake model to be rolled out in South Africa.”
Partnership for clean energy
The project will be financed by Standard Bank of South Africa and is expected to commence construction during the third quarter of 2023. The 85MW solar PV power plant will start delivering power into the national grid in early 2025.
AMEA Power, GreenCo and Standard Bank have also entered into a cooperation agreement that seeks to stimulate the onboarding of renewable energy generation in South Africa. That way, they hope to resolve the current electricity crisis affecting businesses and households.
“The widespread electricity shortages in South Africa are impacting people’s everyday lives and crippling businesses,” Chairman of AMEA Power, Hussain Al Nowais, said. “As part of AMEA Power’s goal to deliver clean energy across Africa, the Company is on track to deliver several large renewable energy projects in South
Africa over the coming few years.”
New office to accelerate energy stability with renewable energy
Most of South Africa’s generated electricity—around 80%—comes from coal-fired power plants.
But the country aims to increase the share of renewable energy in its energy mix from 11% to 41% by 2030. South Africa also plans to decommission between 8GW and 12GW of coal fired power plants over the next decade.
To play a key role in realizing these targets, AMEA Power opened a new regional hub in Johannesburg. With employees recruited from South Africa, the hub will focus on business development and execution of projects across the country.
Part of those projects include a 120MW solar photovoltaic (PV) project awarded to AMEA Power in late 2022 under the Sixth Bid Submission Phase of the Renewable Energy Independent Power Producer Procurement (REIPPP) Program.
Located near the town of Klerksdorp in the North West Province, the Doornhoek PV solar project will generate more than 325GWh of clean energy per year and power around 25,000 households. When completed, the project is expected to offset 290,000 tonnes of carbon dioxide emissions annually. The Doornhoek PV Project will sell electricity to the state utility, Eskom, under a 20-year Power Purchase Agreement.
AMEA Power says it has also secured a number of sites suitable for the development of a further 1GW of renewable energy projects, which the Company will bid into future REIPPP Programs, and provision for private sector consumers in South Africa.
