Adenia Partners, a private equity firm investing in Africa, has acquired a majority stake in Herholdt’s, a leading distributor of low-voltage electrical products and solar products in South Africa. Financial terms of the transaction have not been disclosed. Established in 1964, Herholdt’s operates in Bloemfontein, Kimberley and George, and has recently opened branches in Johannesburg […]
EQ Webinar on South Africa – RoofTop & Distributed Solar Market – Outlook, Opportunities & Challenges on Wednesday June 30th from 05:30 PM Onwards…. Register Now !!!
Warm Greetings from EQ We are happy to present South Africa – RoofTop & Distributed Solar Market – Outlook, Opportunities & Challenges Webinar When: June 30th, 2021 05:30 PM IST Register in advance for this meeting: <Click Here To Register> After registering, you will receive a confirmation email containing information about joining the meeting. Confirmed Speakers: […]
South Africa Raises Licensing Exemption Threshold For Embedded Generation
South Africa’s solar sector has welcomed a new reform that will increase the country’s licensing exemption threshold for embedded generation projects from 1MW to 100MW. The South African Photovoltaic Industry Association (SAPVIA) said the announcement will be viewed as a “watershed moment” for industry in the country, with the new rules paving the way for […]
Norwegian Company to Build R13.5 Billion Solar-Battery Projects in South Africa
Norwegian renewable energy company Scatec has been awarded preferred bidder status on three projects as part of South Africa’s Risk Mitigation Power Procurement Programme (RMIPPP). Scatec said that that deal will see 540 MW solar and 225 MW/1,140 MWh battery storage built in the Northern Cape. The projects awarded to Scatec are the only projects […]
Johannesburg Seeks $278 Million For Solar, Gas and Batteries
South Africa’s biggest city plans to seek at least 3.8 billion rand ($278 million) in investment in solar and gas-fired power as well as battery storage to improve electricity supply. The City of Johannesburg will issue a request for information for the construction of a 150-megawatt solar plant, 50 megawatts of rooftop solar panels and […]
South Africa: Gold Fields aims to cut Eskom dependence with South Deep solar plant
Gold Fields’ plans to build a 40 MW solar power plant at its South Deep gold mine southwest of Johannesburg will reduce exposure to national utility Eskom, improve reliability and lower costs, Martin Preece, executive vice president for South Africa, tells The Africa Report. The project will make Gold Fields the first mining company in […]
Scatec Awarded 540 MW Solar Plant With Storage in a Government Tender in South Africa
Oslo : Scatec has today been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa under the technology agnostic Risk Mitigation Power Procurement Programme (RMIPPP). The tariffs awarded to the projects fall within the range of the previously awarded preferred […]
Lesotho May See Global Assets Seized After Contract Breach
Lesotho faces having 50 million euros ($61 million) of its assets seized around the world after breaching the terms of a contract with Frazer Solar GmBH. Frazer Solar, which began legal action against the southern African nation in 2019 after what it said were a series of contractual breaches, won an arbitration proceeding in South […]
ACWA Power leads South Africa’s largest Renewable Energy Project Redstone CSP to Financial Close
The ZAR 11.6 billion Redstone concentrated solar power (CSP) plant to power 200,000 households upon completion Commercial operation scheduled to start in Q4 2023 Johannesburg, South Africa : ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalination plants in 13 countries and the lead shareholder in the Redstone concentrated […]
Schools and Other Government Buildings in South Africa to be Solar Powered: Minister
Mineral Resources and Energy minister Gwede Mantashe says that his department is working with the Department of Public Works to integrate renewable energy sources into government buildings. Responding in a written parliamentary Q&A, Mantashe said the plan aims to mainly use solar photovoltaic systems and energy efficiency technologies. “Already, funding has been secured and (a) […]