- Pretoria wants to increase the share of renewable energy in its electricity mix from the current 11% to 41% by 2030.
- The Dubai, United Arab Emirates (UAE)-based independent power producer (IPP) will build a new solar power plant in the North West Province.
Independent power producer (IPP) Amea Power has signed a power purchase agreement (PPA) with GreenCo Power Services, the energy trader Africa GreenCo Group subsidiary. The agreement covers the construction of an 85 MWp solar photovoltaic plant. The energy transition in South Africa is accelerating with the help of Amea Power. The Dubai, United Arab Emirates (UAE)-based independent power producer (IPP) will build a new solar power plant in the North West Province.
The project is now covered by a power purchase agreement (PPA) recently signed between IPP and GreenCo Power Services, the energy trader Africa GreenCo Group subsidiary. Under the agreement, Amea Power will sell the electricity generated to GreenCo over a 25-year period.
The project is expected to be financially secured prior to the start of construction in the third quarter of 2023, with funding from Standard Bank of South Africa. Connected to the South African electricity grid, the solar PV plant is expected to produce its first MW in early 2025. GreenCo, which will purchase this electricity, acts as an intermediate supplier and service provider in South Africa.
Hussain Al Nowais, Amea Power’s chairman, said, “Widespread power shortages in South Africa are impacting on people’s daily lives and crippling businesses. As part of Amea Power’s goal to provide clean energy across Africa, the company is set to deliver several major renewable energy projects in South Africa over the next few years.” The company has already started investing in South Africa under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), which the central government initiated to attract investment from IPPs.