Page 10 - AfrElec Week 40
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AfrElec RENEWABLES AfrElec
sales process on the NYSE, conducted by Cantor further deterioration in the electricity supply
Fitzgerald & Co on its behalf. situation.
The company issued nearly 600,000 shares, While the project is being carried out for
representing considerably fewer issued shares largely defensive reasons, it is also expected to
than the expected 800,000 that it had initially yield a modest return to shareholders after taking
applied to list. account of the dilutive effect of the equity issued
Caledonia said that the project is primarily to fund it.
intended to protect the Blanket mine from any
Mainstream completes testing
at Perdekraal East wind farm
SOUTH AFRICA IRISH-BASED Mainstream Renewable Power Lekela is currently operating or building
said it had completed grid testing at the Per- 1,300 MW of green capacity across Africa,
dekraal East wind farm in South Africa. including Egypt, Ghana, South Africa and
The company completed Grid Code Tests at Senegal.
the 110-MW wind farm near Ceres, in Witzen- The news comes after Mainstream was
berg Municipality, last week. praised by Western Cape Minister of Finance
This means that all 48 turbines meet the and Economic Opportunities David Maynier
performance and safety requirements of the for developing the Western Cape’s economy and
national grid. energy resilience.
Construction project manager Glenn Hob- He highlighted Perdekraal East’s local con-
son explained that once the results have been tent, with almost 50% of its components made
officially accepted, Perdekraal East can receive in South Africa, and the prospect of it generating
its licence to generate electricity. 368,800 GWh of clean power per year.
He said: “During the grid code testing period, Maynier also said that the REIPPPP Round
the project team verifies the response of the wind 4 project was an example of how the transition
farm in accordance with the latest grid code, to renewable energy was driving green industri-
considering the local wind and grid conditions, alisation and job creation in the Western Cape,
which ultimately demonstrates compliance. particularly in its Green Tech-focused Atlantis
“We are pleased to be heading into the last Special Economic Zone.
phase of this wind farm’s construction and can He said: “This is the next step in opening up
already visualise the Commercial Operations the REIPPPP bid window 5 that would allow for
Date, which we expect to achieve in the next two further green and low-carbon electricity supply
to four weeks.” opportunities such as the Perdekraal East wind
Construction was completed on schedule, farm in the Western Cape.
despite coronavirus (COVID-19) site restric- “The Perdekraal East wind farm is a great
tions left construction in lockdown for 50 days example of how private sector investment in
earlier in 2020. renewable energy infrastructure can not only
Local IPP Lekela Power, in which Main- help to mitigate the medium-term impacts of
stream has an interest along with green investors load-shedding but can also create jobs and grow
Actis, has developed and built the wind farm and the economy in the Western Cape.”
will be the operator.
P10 www. NEWSBASE .com Week 40 08•October•2020
