Financing secured for 84-megawatt wind project in South Africa

Business Tech:

An 84-megawatt wind project has reached financial close in the Eastern Cape.

The company now has over 4GW (1.5GW of wind, 2GW of solar and 500MW of hybrid projects) worth of renewable projects at various stages of development for both public and private entities.

Richard Doyle, the managing director of JUWI South Africa, said that the rollout of REI4P projects is very encouraging as developing projects can help South Africa address its energy crisis.

Doyle said that there had been exponential growth in demand from the public and private sectors for large-scale renewable projects and for hybrid projects that integrate battery storage.

The company further aims to support the demand with the development of a further 1GW of wind, solar and hybrid projects in 2023.

JUWI said that it does, however, face some challenges regarding large projects: the group said that grid capacity is one of the major concerns.

Chris Bellingham, the head of project development at JUWI said that while they are working on ways to overcome the challenges imposed on many of their projects by the Eastern Cape’s grid constraints, to meet the increasing demand for clean, reliable power, it is expanding projects that are also in the unconstrained area of the country’s grid.

[Staff Report]

More: Major renewables project comes to the Eastern Cape