Mainstream Renewable Power projects will provide 1.27 GW of new wind and solar power to South Africa

• The consortium led by Mainstream Renewable Power was awarded 50% of the total allocation in the last round of South Africa Supply Program for Independent Renewable Energy Producers (REIPPPP)

• This victory makes Mainstream Renewable Power the leading renewable energy company in South Africa, with more than 2.1 GW allocated under the REIPPPP to date

• The twelve projects, wind and solar onshore, will produce enough clean energy to supply a third of the annual electricity demand of the Cape Town

DUBLIN and Cape Town, South Africa, October 29, 2021 / CNW / – Global wind and solar energy company Mainstream Renewable Power (“Mainstream”) today announced that twelve of its projects have been awarded preferred bidder status in the fifth round of South Africa Supply Program for Independent Renewable Energy Producers (REIPPPP). Wind and solar projects, with a total capacity of 1.27 GW, represent half of the total Round allocation, the most competitive to date, being almost 4 times oversubscribed.

The victory makes Mainstream the most successful company in the history of South Africa’s renewable energy supply program, with more than 2.1 GW allocated to date. This includes 850 MW of wind and solar generating assets that Mainstream has already brought into commercial service during Rounds 1, 3 and 4 of the REIPPPP. Mainstream achieved a number of firsts in the REIPPP, most notably the construction South Africa first self-built substation as well as the financial close of the first projects and the completion of the construction of towers 1, 3 and 4.

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

The story continues

As a result of this award, Mainstream will double the size of its South African team and actively recruit another 100 South Africans to support the engineering and construction of the 12 projects. This will make Mainstream the largest pure renewable energy employer. Africa.

The projects will produce around 4,500 gigawatt hours (GWh) of green electricity each year, saving nearly 5 million tonnes of CO2 per year, when fully operational. They will provide South Africa with low-cost, critical indigenous energy and help ensure a just transition to its clean energy and climate goals.

This victory underpins Mainstream’s strategy of building true scale across its global platforms, with the company’s global portfolio now reaching 16.2 GW. This is the latest demonstration of Mainstream’s accelerated growth trajectory following the 75% acquisition by Aker Horizons earlier in 2021, as well as the announcement of the new 1 GW Nazca Renovables platform in Chile in July.

Hein reyneke, Managing Director of Mainstream for Africa noted:

“We are delighted to have been chosen to further contribute to the decarbonization of South Africa. It’s a demonstration of faith in Mainstream’s track record of efficient and reliable delivery, not just here in South Africa but also internationally, where we are currently building ten wind and solar photovoltaic projects simultaneously, totaling 1.35 GW in Chile. Our latest victory will bring enormous social, economic and environmental benefits for South Africa. ”

Contact:
Emmet curley, Communication & Positioning Manager
Telephone: +353 86 2411 690
E-mail: emmet.curley@mainstreamrp.com

Note to editors:

Project Information:

Mainstream owns 100% of the awarded projects. At financial close, ownership will transfer to the equity consortium: Mainstream (25%), Globeleq (26%), Africa Rainbow Energy & Power (23.25%), H1 Holdings (23.25%) and Community Trusts (2.5%).

About consumer renewable energy

Mainstream Renewable Power is a leading pure renewable energy company with a global footprint. The company is focused on expanding its high-quality pipeline of over 16.2 gigawatts (GW) of wind and solar assets through Latin America, Africa, Asia Pacific as well as the global offshore wind industry. In May 2021, he struck a deal for Aker Horizons to take a 75% stake in the company, allowing Mainstream to accelerate its plan for global expansion.

Mainstream has delivered over 6.5 GW of wind and solar assets towards financial close, and currently has over 1.4 GW (net) under construction across Latin America and Africa. In Chile, the 1.35 GW 100% Mainstream ‘Andean Renewable Energy Platform’ of fully contracted wind and solar assets is on track to complete construction from year end . In Africa, the company commissioned 850 MW of wind and solar assets in South Africa, and in addition, through its joint venture Lekela Power, has 410 MW of wind assets under construction at Senegal and Egypt.

Mainstream is one of the world’s most successful pure-play offshore wind developers. It successfully accepted Hornsea One (1.2 GW), the largest operational offshore wind power plant in the world today; and developed the Hornsea 2 project (1.4 GW) before selling these projects and the entire Zone in 2015. In total, it developed and granted 20% of the UK’s offshore wind capacity in operation or in operation. construction. Mainstream has fully consented to the Neart na Gaoithe offshore wind project in Scotland, 450 MW, currently under construction. The company’s 1.4 GW Soc Trang offshore wind development in Vietnam is one of the largest renewable energy developments in Southeast Asia.

Mainstream collected more than 3.0 billion euros in project funding to date and employs over 420 people across five continents.

www.mainstreamrp.com

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SOURCE Renewable Energy Consumer

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