South Africa: 79 Renewable Energy Project Bids in 2nd Round IPP

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“A total of 79 bids were received in the second round of renewable energy project bidding. The Dept. of Energy expects to finish evaluating them on May 11. Standard Bank South Africa agreed to provide senior debt underwriting wind and solar photovoltaic (PV) projects with a total generating capacity of 1,454 MW, SBK’s head of power finance Alastair Campbell told Bloomberg News. The second round was more competitive than the first, squeezing everyone’s margins, which bodes well for electricity consumers in South Africa, he added.”
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