The sale of the 2.4GW asset portfolio could raise more than $700m for the company.
The firms will bid for a lease area that has more than 1.3GW of potential clean energy capacity.
The projects will be built with a total investment of €180m ($196m).
The agreement increases Encavis’ solar project pipeline from 2.3GW to 2.6GW.
The renewable energy assets at the energy park will have the capacity to generate 11.5TWh of power a year.
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The 465MWac solar project is claimed to be the largest non-hydro renewable energy asset in Canada.
The clean energy will be delivered from EGP’s two wind farms in Eastern Cape.
The portfolio is expected to generate revenues of around C$33.1m ($24.8m) this year.
The move is part of the company’s 2023-25 strategic plan to pay down debt and reduce its cost of capital.
The transmission line will have the capacity to transmit more than 3GW of renewable energy to consumers.