EDF-R and H1 close three new wind projects
EDF-Renewables South Africa, with shareholders H1 Holdings and Gibb-Crede, celebrate the start of construction for three new utility-scale wind projects. The projects are the first REIPPP Round 5 awarded projects to reach financial close. The 140MW San Kraal Wind and Phezukomoya Wind farms are near Noupoort, in the Northern Cape. The 140MW Coleskop Wind farm is near Middleburg, on the border of the Eastern Cape. All three projects will add 420MW to the Eskom grid. The projects aim to create 590 jobs during the two-year construction period and 50 full-time jobs during operations. The three projects will enhance the economic participation of the Umsobomvu district community and should reach COD in the first quarter of 2025. The electricity produced each year will help power approximately 193,000 South African households.
Related News
H1 Holdings has partnered with Nedbank and Absa (acting through their respective Corporate and Investment Banking divisions) together with British International Investment (BII) and Norfund…
H1 Holdings has partnered with The Standard Bank of South Africa Limited, acting through its Corporate and Investment Banking division to reach financial close on a long-dated R1.921bn equity funding facility…
The UKCI and Norfund have invested in a joint venture between H1 Holdings and Pele Green Energy to fund their 40% equity participation in a 700 MW portfolio of four wind farms. The wind farms are…
