August 29 (Solar) – A newly-created joint venture between Canadian Solar Inc (NASDAQ:CSIQ) and ET Energy will build two solar power plants in South Africa with a combined capacity of 132 MWp.
More specifically, the JV will provide engineering, procurement and construction (EPC) services for the 46-MWp Aggeneys and 86-MWp Konkoonsies II projects in the northwestern part of the country, it was announced today.
Independent power producer (IPP) BioTherm Energy achieved financial close for these two projects and a couple of other — the 120-MW Golden Valley and the 32-MW Excelsior wind schemes — in July 2018. All four were awarded under Round IV of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). They have 20-year inflation linked power purchase agreements (PPAs) with local utility Eskom.
Construction is seen to start in September and the two solar parks are expected to come online by the end of 2019 and early 2020, respectively. They will use more than 400,000 units of Canadian Solar's CS6U-P modules, installed on single-axis solar tracking systems.