Prieska 75MW photovoltaic solar power plant

Overview:

• The Prieska 75MW photovoltaic solar power plant was constructed by Total through its South African affiliate SunPower in the Northern Cape province.
• Nedbank, Absa Bank and the Industrial Development Corporation of South Africa provided a term loan facility for the project.
• The plant was secured through a co-development contract signed with Mulilo Renewable Energy.
• Total holds a 27% stake in the project alongside Calulo Renewable Energy (25%), Mulilo Renewable Energy (18%), Industrial Development Corporation (15%), Futuregrowth Asset Management (10%) and a local municipality (5%).
• The plant was initiated by the Department of Energy under its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).

Jon Moore - Journalist