Loadshedding.com
Renewable energy group AMEA Power has announced the financial close of its 120MW Doornhoek Solar Photovoltaic (PV) Project in South Africa. This US$120 million (R2.2 billion) project will be the company’s first operational asset in the country once commissioned.
Key Partners and Financial Backing
- Shareholders: AMEA Power holds the majority stake, partnering with Ziyanda Energy and Dzimuzwo Energy.
- Funding: Standard Bank South Africa provided USD100 million (R1.8 billion) in debt funding, while the Industrial Development Corporation contributed USD8 million (R150 million) in equity funding for local partners.
Significant Milestones
- Awarded: The project was awarded through Bid Window 6 of the REIPPPP.
- Agreement Signed: A Power Purchase Agreement was signed on April 30, 2024, with Mineral Resources and Energy Minister Gwede Mantashe and Eskom Group’s Executive for Transmission, Segomoco Scheppers.
Project Details
- Location: Near Klerksdorp in the North West Province.
- Capacity: The 120MW Doornhoek Solar PV Project will generate 325GWh of clean energy, enough to power approximately 97,000 households and offset 330,000 tonnes of carbon emissions annually.
- Operational Date: The project is expected to commence commercial operations by December 2025.
Community Impact
AMEA Power’s “Community Investment and Development Program” will support socio-economic growth and development in the local community, aligning with the United Nations’ Sustainable Development Goals.
This ambitious project marks a significant step towards renewable energy expansion in South Africa, promising substantial environmental and economic benefits.
Load Shedding Reporter 
