Gibson Bay 111MW wind farm

4/5/2017
Project development

€ 160 million

$ 174 million

Completed

4/5/2017


Overview:

  • The Gibson Bay wind farm in South Africa consists of 37 turbines with a total capacity of 111 MW.
  • Italian company Enel Green Power and its South African subsidiary are developing the project.
  • It was constructed primarily by Nordex and should generate about 420,000 MWh of power per year.
  • The farm began operations in May 2017.
  • KfW IPEX-Bank provided the €160 million financing, part of which was secured by an export credit guarantee by the Federal Republic of Germany.
  • Enel is a major global operator in the field of renewable energy generation with 740 plants in 15 countries across Europe, North and South America and Africa.

Anna Kozakova - Journalist

 

 

Jurisdiction:

South Africa

Deal type:

Project development

Practice area:

Project development

Governing laws:

Italy
South Africa

Industry sector:

Energy


Firm:

Party: Enel Green Power (Project company)