▷ Mainstream Renewable Power plans to deliver 1.27 GW of new wind and …


02.11.2021 – 06:40

Mainstream Renewable Power Ltd

DUBLIN AND CAPE TOWN, SOUTH AFRICA, Jan.

  • The consortium, led by Mainstream Renewable Power, was awarded 50% of the total allocation in the most recent round of the South African program for the procurement of independent power generators from renewable energies (REIPPPP)
  • The award will make Mainstream Renewable Power the leading renewable energy company in South Africa, which has so far awarded over 2.1 GW under REIPPPP
  • The twelve onshore wind and solar projects will generate enough clean energy to meet a third of the city of Cape Town’s annual electricity needs

Global wind and solar company Mainstream Renewable Power (“Mainstream”) today announced that twelve of its projects have been awarded Preferred Bidder status in Round 5 of the South African Renewable Energy Independent Power Producer Procurement Program (REIPPPP). The wind and solar projects with a total capacity of 1.27 GW make up half of the total allocation in this round, which was the most competitive to date with an oversubscription almost four times.

This makes Mainstream the most successful company in the history of the South African renewable energy procurement program, which has so far awarded over 2.1 GW. This includes 850 MW of wind and solar power plants that Mainstream has already put into operation in Rounds 1, 3 and 4 of the REIPPPP. Mainstream has made a number of pioneering achievements within the framework of REIPPP, including the construction of the first self-constructed transformer station in South Africa as well as the financial completion of the first projects and the completion of construction work in Rounds 1, 3 and 4.

The mainstream-led consortium called “Ikamva”, which means “future” in the Xhosa language, will implement six onshore wind projects and six solar PV projects, including the first REIPPPP project in the South African province of KwaZulu-Natal . The consortium brings together a range of expertise led by Mainstream’s 100% African team of over a hundred professionals and includes Globeleq, Africa Rainbow Energy & Power, H1 Holdings and local community foundations.

As a result of this award, Mainstream will double the size of its South African team and actively hire another 100 South Africans to support the planning and construction of the 12 projects. This makes Mainstream the largest pure employer in the field of renewable energies in Africa.

The projects will generate around 4,500 gigawatt hours (GWh) of green electricity annually and help avoid nearly 5 million tons of CO2 annually once they are fully operational. They will provide vital, low-cost, indigenous energy to South Africa and help create a just transition to its clean energy and climate goals.

The win underscores Mainstream’s strategy of building real scale across its global platforms, with the company’s global portfolio now being 16.2 GW. It is the latest demonstration of Mainstream’s accelerated growth trajectory following its 75% acquisition by Aker Horizons in early 2021 and the announcement of the new 1 GW platform Nazca Renovables in Chile in July.

Hein Reyneke, Mainstreams General Manager for Africa, said:

“We are delighted that we have been selected to make another contribution to the decarbonization of South Africa. It is a testament to the confidence in Mainstream’s track record of efficient and reliable delivery not only here in South Africa but also internationally, where we currently have ten Simultaneously build wind and solar PV projects totaling 1.35 GW in Chile Our recent success will bring tremendous social, economic and environmental benefits to South Africa

Projectname Technology MW province local community district
cross back Wind 124 Northern Cape hit Namakwa
Beaufort West Wind 140 Western Cape Prince Alfred Central Karoo
Trakas Wind 140 Western Cape Prince Alfred Central Karoo
Fan angle Wind 140 KKwazulu-Natal Madlangeni Doves
Sutherland Wind 140 Northern Cape Karoo Hoogland and Laingsburg Namakwa and Central Karoo
Rietrug Wind 140 Northern Cape Karoo Hoogland Namakwa
Kentani Solar-PV 75 Free State Freedom Lejweleputswa
Lily corner Solar-PV 75 Free State Freedom Lejweleputswa
Klipfontein Solar-PV 75 Free State Freedom Lejweleputswa
Klipfontein 2 Solar-PV 75 Free State Freedom Lejweleputswa
Braklaagte Solar-PV 75 Free State Freedom Lejweleputswa
Sonoblomo Solar-PV 75 Free State Freedom Lejweleputswa
Total 1.274

Press contact:

Emmet Curley, Head of Communications & Positioning
Phone: +353 86 2411 690
Email: [email protected]
Note to editors:
Information about the project:
Mainstream owns 100% of the awarded projects. Upon completion of the financing, ownership will pass to the equity syndicate: Mainstream (25%), Globeleq (26%), Africa Rainbow Energy & Power (23.25%), H1 Holdings (23.25%) and Community Trusts (2, 5%).
Information on Mainstream Renewable Power
Mainstream Renewable Power is a leading renewable energy company with a global presence. The company is focused on expanding its high-quality pipeline of more than 16.2 gigawatts (GW) of wind and solar power plants in Latin America, Africa, the Asia-Pacific region and the global offshore wind sector. In May 2021, Aker Horizons signed an agreement to acquire a 75% stake in the company, which will allow Mainstream to accelerate its global expansion plan.
Mainstream has delivered more than 6.5 GW of wind and solar power plants to close and currently has over 1.4 GW (net) under construction in Latin America and Africa. In Chile, the “Andes Renovables Platform”, 100% owned by Mainstream, with a capacity of 1.35 GW from wind and solar power plants, for which contracts have already been concluded, will be completed in the course of this year. In Africa, the company has commissioned 850 MW of wind and solar power plants in South Africa, and 410 MW of wind power plants are under construction in Senegal and Egypt through its Lekela Power joint venture.
Mainstream is one of the most successful pure-play developers of large-scale offshore wind turbines worldwide. It successfully approved Hornsea One (1.2 GW), currently the largest operational offshore wind turbine in the world, and developed the Hornsea 2 (1.4 GW) project before selling those projects and the entire area in 2015 . In total, the company has developed and approved 20% of the UK’s offshore wind capacity in operation or under construction. Mainstream has fully approved the Neart na Gaoithe offshore wind project in Scotland, currently under construction, with a capacity of 450 MW. The 1.4 GW Soc Trang offshore wind project in Vietnam is one of the largest renewable energy projects in Southeast Asia.
To date, Mainstream has raised project finance worth over EUR 3.0 billion and employs more than 420 people on five continents.
www.mainstreamrp.com
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Original content by: Mainstream Renewable Power Ltd, transmitted by news aktuell


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