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April 15, 2015

BioTherm Energy wins 251MW renewable energy projects in South Africa

South African power producer BioTherm Energy has been awarded three renewable projects totalling 251MW in the country.

By Shreosree Banerjee

South African power producer BioTherm Energy has been awarded three renewable projects totalling 251MW in the country.

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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.
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The deals have been secured by the firm under the fourth round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The successful bids were announced by the South African Department of Energy (DOE).

The three projects that are being considered include 120MW Golden Valley wind power plant, along with the 45MW Aggeneys Solar PV, and 86MW Konkoonsies II Solar PV facilities.

BioTherm Energy CEO Jasandra Nyker said: "This 251MW allocation by the DOE reflects our ability to compete directly with leading international players who have come to dominate the South African landscape.

"This 251MW allocation by the DOE reflects BioThern Energy’s ability to compete directly with leading international players who have come to dominate the South African landscape."

"We appreciate the DOE’s commitment to supporting a South African development and investment platform in this round."

The utility firm had secured 49MW of wind and solar projects in the first round of the REIPPP, which have been set up and is operational currently.

BioTherm Energy is supported by private equity firm Denham Capital.

Denham Capital managing partner and co-president Mackin said: "We strongly believe building low-cost power solutions in countries with a fundamental need for new power generation fuels economic growth."

As well as South Africa, BioTherm has secured renewable projects for Zambia and Burkina Faso.

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Free Report
img

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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