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A blowout in the Karoo: Inside the R4.4bn, 140MW wind farm project in Roggeveld

Biznews: News in 90 Seconds

English - May 28, 2018 17:19
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JOHANNESBURG — South African Energy Minister Jeff Radebe recently signed agreements with 27 independent power producers after more than two years of delays. The deals promise to revive the nation’s renewable-energy program that was once the world’s fastest growing, but has floundered amid the delays. The projects being signed will release R56 billion of investments over the next two to three years. Roggeveld, a 140 megawatt wind farm project recently reached financial close under the fourth round of this programme. Biznews’s Alec Hogg caught up with RMB’s Mphokolo Makara to get inside this R4.4bn deal. - Stuart Lowman