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April 9, 2018

Elawan to build 102MW windfarm in South Africa

Spain-based Elawan Energy has signed a power purchase agreement (PPA) to build a 102MW windfarm in South Africa with an investment of €145m. 

Spain-based Elawan Energy has signed a power purchase agreement (PPA) to build a 102MW windfarm in South Africa with an investment of €145m.

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The PPA is part of the fourth round of the South African Power Plan tender, and will involve Elawan performing the project along with its local associates.

The Copperton windfarm will be located in the province of Northern Cape and its estimated annual production will be 360GWh per annum.

During its 20-year term, the company expects to generate revenue of more than €400m.

Works are scheduled to begin in the second half of this year with the windfarm expected to become operational by 2020.

“The Copperton windfarm’s estimated annual production will be 360GWh per annum.”

Elawan Energy South Africa country manager Carlos Rodríguez Tortosa said: “It is very important for the construction of this project, which strengthens our commitment to the wind development on international markets with a higher power for this technology.

“Elawan Energy is building 200MW for the Persimon Creek project, Oklahoma, and 22MW for the Hannut project, Belgium, that will come into operation this year, and a photovoltaic plant of 24MW in Toledo, expected to start producing at the end of 2019.”

Elawan promotes wind energy and produces electricity from windpower, mainly focused on developing and operating windfarms in Europe, Brazil, the US, Mexico, Turkey, and South Africa.

Since it was founded in 2008, Elawan has built more than 1.4GW and has a portfolio of approximately 4GW of renewable energy generation projects, allowing it to maintain the strategy to build and operate more than 100MW per annum.

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Free Report
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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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