- JUWI South Africa now has 400 megawatt (MW) of engineering, procurement and construction (EPC) projects in advanced stages of development for mines in South Africa
- An improved regulatory environment has allowed the 89 MW Castle Wind project, initially developed by JUWI for the South African Government's REIPPP Programme (REI4P), to be pivoted to remotely power Sibanye-Stillwater's mining operations
Wörrstadt/Cape Town (renewablepress) - JUWI Renewable Energies (www.juwi.co.za/), a leading global solar, wind and hybrid project developer, EPC and operations and maintenance company, today announced that it has 400 MW of EPC projects in advanced stages of development for mines in South Africa.
The news follows the financial close of the 89 MW Castle Wind project by the African Infrastructure Investment Managers (AIIM) Consortium for Sibanye-Stillwater's mining operations, a project initially developed by JUWI for the South African government's Renewable Energy Independent Power Producers' Programme (REI4P). The AIIM Consortium included African Clean Energy Developments as developer and Reatile as investment partner.
"The right regulation has been needed to translate this demand into actual projects for mines. The amendments to the licence-exemption threshold and ability to wheel electricity are now allowing us to pivot projects initially developed for REI4P, such as the Castle Wind project, into the private sector, making them a reality. This is a significant milestone for our team of experts who work tirelessly to advance the renewable energy transition in Africa."
Wheeling is the act of transporting electricity from a generator to a remotely located end-user through the grid. With most large mines and energy users in South Africa lacking land for large-scale wind and solar projects, the ability to wheel electricity is essential for self generation.
"We initiated the Castle Wind project in 2011. Although there were extensive delays with the government's procurement process, we remained dedicated to transforming the site into a notable renewable energy asset for South Africa," said Sumeet Ramandh, the project's development manager. "With the recent regulatory improvements, JUWI took the decision to sell the project to the AIIM Consortium, which secured an Eskom agreement to wheel energy from the wind farm to power Sibanye-Stillwater's mining operations."
"AIIM, a division of Old Mutual Alternative Investments, has invested in the project through the IDEAS Managed Fund, one of South Africa's largest domestic infrastructure equity funds. We are committed to investing in state-of-the-art renewable energy assets that address South Africa's energy crisis and deliver strong returns for our investors," said Sechaba Selemela, Investment Principal at AIIM.
With another project developed by JUWI entering construction, the rollout of large scale renewable energy projects continues apace. At the start of the year, JUWI reported that it had 4 GW of renewable energy projects in various stages of development across Africa, with another 1 GW to be initiated in 2023. The company also recently signed an EPC agreement with Pan African Resources to construct a 8.75 MW solar plant for the latter's Fairview Mine.
