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ENGIE Snares South African Concentrated Solar Plant (Int'l., M&A)
ENGIE Africa
Date: 2021-03-03
ENGIE Africa is reporting an agreement to acquire from Abengoa a 40 pct equity stake in Xina Solar One, a 100 MW Concentrated Solar plant, plus a 46 pct stake in the Xina Solar operations and maintenance Company -- subject to regulatory approvals.

The plant in the Northern Cape of South Africa is equipped with parabolic trough technology and a molten salt storage system. The plant's power is contracted through a 20 years PPA with the South African Electricity Public Utility)ESKOM. The CSP facility generates sufficient power for 95,000 South African households and prevents approximately 348,000 tpy of CO2 emissions.

In South Africa, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa). (Source, Engie Africa, PR, Voice of Africa, 1 Mar., 2021) Contact: Engie Africa, www.ENGIE-Africa.com

More Low-Carbon Energy News ENGIE,  Solar,  South Africa Solar,  


ENGIE Africa Commissions 262.5MW Egyptian Wind Farm (Int'l. Report)
ENGIE Africa,Ras Ghareb Wind Energy
Date: 2019-11-06
Independent energy producer, ENGIE Africa is reporting the ahead of schedule commissioning and grid connection of the 262.5MW Ras Ghareb wind farm on the Gulf of Suez. The project's power is being sold to the Egyptian Electricity Transmission Company (EETC) under a 20-year PPA .

The project New Cairo-based company, Ras Ghareb Wind Energy SAE is 40 pct owned by ENGIE, 40 pct by Toyota Tsusho Corporation/Eurus Energy Holdings Corporation and 20 pct by Orascom Construction.

The $380 million project is the first wind farm tendered on a Build-Own-Operate (BOO) scheme and is part of the Egyptian government's drive to increase the share of renewables in the energy mix with a target wind generation capacity of 7GW by 2022. (Source: ENGIE Africa, ESI Africa, 4 Nov., 2019) Contact: ENGIE Africa, www.engie-africa.com/en; Ras Ghareb Wind Energy, +20 12 00 00 28 76, www.rgwe.co

More Low-Carbon Energy News ENGIE Africa,  Wind,  Egypt Wind,  


ENGIE Inks 25-year Senegalese Solar PPA (Int'l Report)
ENGIE Africa
Date: 2018-11-16
ENGIE Africa reports it has agreed to a 25-year PPA for two solar photovoltaic projects in Senegal, Africa. The deal involves ENGIE's investment partner Meridiam Consortium and Fonsis, the Senegalese Sovereign Fund, and Senelec, a Senegalese off-taker.

The Senegalese government and International Finance Corporation funded projects which have a combined installed capacity of 60 MW and are part of a wider initiative in Senegal called Scaling Solar. Construction and operation of the two solar projects will be managed and executed by ENGIE. (Source: ENGIE Africa, PEI, 14 Nov., 2018) Contact: ENGIE Africa,www.engie-africa.com/en

More Low-Carbon Energy News ENGIE,  Solar,  

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