Solar Capital De Aar 1 is a 94.5MW solar PV power project. It is located in Northern Cape, South Africa. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in August 2014.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 94.5 | 94.5 | – | Active | Northern Cape, South Africa | Moncada Energy Group; Solar Capital |
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Description
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The project is developed and owned by Moncada Energy Group and Solar Capital. The company’s ownership stake in the project stands as 35.5% and 25.5% respectively.
Solar Capital De Aar 1 is a ground-mounted solar project which is spread over an area of 282 hectares.
The project generates 150,000MWh electricity and supplies enough clean energy to power 35,000 households. The project cost is $232.93m.
Development Status
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By GlobalDataThe project got commissioned in August 2014.
Power Purchase Agreement
The power generated from the project is sold to Eskom Holdings SOC under a power purchase agreement for a period of 20 years. The contracted capacity is 94.5MW.
Contractors Involved
Moncada Energy Group was selected to render EPC services for the solar PV power project.
Moncada Energy Group was selected as the supplier of the PV modules for the project. The company installed 203,948 modules at the site.
Moncada Energy Group and Solar Capital were contracted to render operations & maintenance services for the project.
About Moncada Energy Group
Moncada Energy Group Srl (Moncada Energy) is a renewable energy company that produces electrical energy from renewable energy sources. The company operates through business divisions such as wind, solar and biomass. Its wind division manufactures wind turbine components such as heat treatment of welded components, surface finishing, main frame, extender, nacelle and generator. Moncada Energy’s solar division develops photo voltaic products in medium and large size and thin film panels. The company’s biomass division designs, constructs and manage power plants for a power of 44 MW. Moncada Energy is headquartered in Milan, Italy.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
