📋 Tender Overview
Scope : To Construct a 900 MW Wind Farm in Mpumalanga, South Africa
Construction of a 900 MW Mpumalanga wind farm, South Africa’s largest of its kind, is about to start in the heart of the country’s coal industry.
The project will begin with the implementation of its first phase which has a proposed capacity of 155 MW. This is after Seriti Green and Seriti Resources signed a power purchase agreement for this phase. The PPA has a 20-year underpin.
The first phase of the 900 MW Mpumalanga wind farm which spans around 27,000 ha of farmland, will come online in 2025. Over the next three years, construction on the remaining 745 MW also will begin.
Noteworthy, the 900 MW Mpumalanga wind farm will feature 800 MWh of battery storage.
Seriti Resources and its renewable energy subsidiary, Seriti Green, have announced that Seriti Green will soon begin construction on South Africa’s largest wind farm in Mpumalanga, with power supply coming online by 2025.
This follows the signing of heads of terms between Seriti Resources and Seriti Green to a Power Purchase Agreement (PPA) for 155 MW of power that will be generated by Seriti Green and wheeled through the national grid to Seriti Resources’ coal mining operations. The PPA is a significant step in Seriti’s renewable energy plans and is a realization of its commitments made in the MoU signed with Eskom and Exxaro in October 2021.
Seriti Green has partnered with Standard Bank and RMB in the financing and development of this initial 155 MW facility with a capex cost of R4 billion. The conclusion of the PPA and meeting of all conditions necessary to commence construction (including reaching a financial close on the project) is expected to be completed by Q2 2023. The Project has already received its Environmental Authorisation from the Department of Forestry, Fisheries and the Environment, a critical requirement to start construction.
