Enel Green Power has signed an agreement with Qatar Investment Authority (QIA) for a joint venture partnership to finance, build and operate renewable projects in Sub-Saharan Africa.
In the first phase, the transaction involves the acquisition by QIA of 50% of Enel’s stake in four projects under construction in South Africa and two plants in operation in the same country as well as in Zambia, for a total capacity of 800MW.
The overall transaction is subject to the change of control approval and antitrust clearance from relevant institutions and regulatory authorities.
Under the transaction, Enel and QIA will form a new legal entity for future developments in Sub-Saharan Africa.
Enel Green Power starts operating 140 MW of wind capacity in South Africa
EGP’s Nxuba wind farm, the company’s third wind facility in the Eastern Cape province, is expected to generate 460 GWh of energy annually
The facility, which involved an investment of 200 million euros, brings the company’s overall capacity in the country to more than 650 MW from a total of eight operational projects
Rome/Johannesburg, December 22
nd, 2020 – The Enel Group’s South African renewable energy subsidiary Enel Green Power RSA (EGP RSA), has successfully reached commercial operation on its 140 MW Nxuba wind farm in the Eastern Cape province. The project, whose construction involved an investment of 200 million euros, is expected to generate 460 GWh of energy annually.
Advertisement
The Enel Group’s South African renewable energy subsidiary, Enel Green Power RSA (EGP RSA), has successfully reached commercial operation on its 140 MW Nxuba wind farm in the Eastern Cape province, South Africa. The project, whose construction involved an investment of €200 million, is expected to generate 460 GWh/yr of energy.
The Nxuba wind farm will avoid the emission of approximately 460 000 tpy of CO
2. The wind farm will be supported by a 20-year power supply agreement with the energy utility Eskom, as part of the South African government’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) tender, which awarded a total of five wind projects for 700 MW to the Enel Group in its fourth round, in April 2015.