Independent Power Producer (IPP) Amea Power and its South African partners have completed the financing of the Doornhoek solar farm in North West Province. The plant will have a capacity of 120 MW.
Amea Power is set to launch construction of its Doornhoek solar farm in South Africa. The Emirati company has just raised the necessary financing for this phase of its project in the North West Province. The $108 million financing consists of a $100 million loan from Standard Bank South Africa. The Industrial Development Corporation (IDC) is contributing $8 million in the form of an equity investment in the project’s two other shareholders, South African companies Ziyanda Energy and Dzimuzwo Energy.
The total cost of the project is estimated at $120 million. The power station is being built near the town of Klerksdorp, in North West Province. It will have a capacity of 120 MWp, representing an annual output of 325 GWh. This will guarantee clean electricity for 97,000 South African households, while offsetting emissions of 300,000 tonnes of CO2 equivalent per year.
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Amea Power was awarded the concession under the sixth tender window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP). “We are delighted to have reached financial close on the 120 MW Doornhoek solar project in South Africa. The country has vast renewable energy opportunities and we are proud to be able to support South Africa’s transition to renewable energy through this project,” said Hussain Al Nowais, Chairman of Amea Power.
The electricity produced by Doornhoek will be sold to South African state-owned utility Eskom under a power purchase agreement (PPA) signed in April 2024. Amea plans to start commercial operations at its first solar photovoltaic plant on South African soil in December 2025.
Jean Marie Takouleu
