Three more wind projects from bid window 5 have reached financial close, they are estimated to cost R12 billion.There are now six projects out of the 25 preferred bidders announced in 2021 that have reached financial close.Three wind farms part of bid window 5 reached financial close last week and they will power 480 000 South African households once they start operating.
There are now six projects – the other three being wind projects developed by EDF renewables – that have reached financial close. In December 2022, Mineral Resources and Energy Minister Gwede Mantashe signed legal agreements—such as the power purchase agreement - with 13 bidders. The whole development is estimated to cost R12 billion. Red Rocket is not only developing the project but will also invest equity in the projects, together with IDEAS Infrastructure II Sub-Partnership - owned by Old Mutual Limited- and Jade-Sky Energy, another private company.
_Business These things dont work, we have 3 of these farms in our area. Just another way of chowing money
_Business So the ANC have milked Eskom dry, now they have tenders in place for wind and solar power generation to extract more cash from the flush South African population that still reside here.
_Business 480 000 damn
_Business What if there is no enough winds in between its operation?
_Business How many of those homes will be illegal connections, just asking for a friend
_Business That will take about 2years if im correct?
_Business White monopoly capital projects coming nicely and white monopoly capital media hyping them.... we see you all witches!!!!