AMEA Power, based in the UAE, has finalized a 20-year PPA with South Africa’s Eskom for the 120 MW Doornhoek Solar Project. Awarded under Bid Window 6 of the REIPPPP, the project involves a consortium led by AMEA Power and local partners. With a total investment of $120 million, AMEA Power holds the majority share, collaborating with Ziyanda Energy and Dzimuzwo Consulting, both owned by African firms. Standard Bank South Africa will provide debt funding, while the Industrial Development Corporation (IDC) will offer equity funding for local partners. Set near Klerksdorp, the project aims to generate over 325 GWh annually, powering around 97,000 households and offsetting 330,000 tonnes of carbon emissions, aligning with South Africa’s renewable energy targets.
AMEA Power signs 20-year PPA with Eskom
AMEA Power and Eskom has signed a 20-year PPA for 120 MW solar project in South Africa. (Image Credit: Zawya)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)