(Ecofin Agency) – In November 2023, Mainstream carried out the financial closing of a 97.5 MW photovoltaic park, with 20-year electricity purchase contracts concluded with Sasol and Air Liquide, which had earned it the deal of the year award at the IJGlobal Awards.
The company specializing in wind and solar energy, Mainstream Renewable Power, announced on October 2 the financial closing of its Ilikwa photovoltaic solar power plant, with a capacity of 50 MW. The plant will produce electricity which will be sold to private, commercial and industrial customers, under flexible, short-term power purchase agreements (PPAs), via a new product called Renewable Energy Supply Agreements (RESA).
Hein Reyneke, Managing Director of Mainstream for Africa, said “We are delighted to bring this new product to market, which offers customers the opportunity to obtain flexible, clean and lower cost electricity. With a portfolio of 12 GW, Mainstream has one of the largest and most advanced project portfolios in the country. It is important to note that we still have 180 MW of projects ready to be built in 2025 and we encourage companies to take advantage of the benefits offered by this new product ».
RESA opens up the energy market in South Africa by allowing more businesses to access energy through energy contracts lasting between five and ten years. As a reminder, this is the second solar power plant with a private power purchase agreement that Mainstream has completed in South Africa in the space of a year.
Abdullah Diop
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22/11/2023 – South Africa: financial closing for a 97.5 MW renewable energy purchase agreement with Sasol and Air Liquide
03/20/2023 – Actis and Mainstream finalize the sale of Lekela Power, the largest producer of renewable energy in Africa
