South Africa’s second renewables bid window heavily oversubscribed
30 March 2012
Creamer Media's Engineering News - March 29, 2012
The South African government confirmed on Thursday that it had received a total of 79 tenders, representing 3 233 MW of potential power generation capacity, during the second bidding round under its renewable energy independent power producer (IPP) purchase programme, which closed on March 5.
Energy Minister Dipuo Peters said the response from IPPs was well above the 1 275 MW allocated for the March window, as well as the more than 2 300 MW still available for allocation under a programme that aimed to procure 3 725 MW of renewables capacity that could be introduced to South Africa’s electricity network between 2014 and 2016.
The preferred bidders for the second round would be named on May 14.
In December, the initial 28 preferred bidders were named along with solar and wind projects collectively representing 1 416 MW of potential capacity. These developers had until June to take their projects to financial close.