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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,  

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