MEMBER NEWS📢 ☀️ We celebrate Mainstream Renewable Power and Mainstream Renewable Power South Africa for reaching financial close of a 50 MW Ilikwa #solar #plant. The energy generated will supply multiple private #commercial and #industrial customers under shorter term #PPAs! ☀️ A Hearty congratulations to another of our members Investec for providing pre-construction financing to the project! 🎊 Congratulations Hein Reyneke, Martin Meyer and your teams for bringing this new product to market 👏 #SAPVIA members collaboration is pleasing to witness👏🎊 #solar #solarpv #solarenergy ##energysecurity #energy #PPAs #green #greenfinancing
⚡ Our 50 MW Ilikwa solar plant in South Africa will provide power to multiple private commercial and industrial customers from early 2026. Power from the plant will supply customers under flexible, shorter-term Power Purchase Agreements (#PPAs) in a new-to-market product called Renewable Energy Supply Agreements (#RESAs). ☀️ This new product gives customers a better alternative to their current electricity supply by offering access to affordable, reliable and renewable power under shorter-term contracts of between 5-10 years. Last week, we announced financial close of our Ilikwa solar park, marking our second solar plant with private PPAs to reach financial close within the last year. 🛠️ We have 12 GW of well-advanced projects in South Africa and 180 MW ready to build next year. 👏 We applaud the South African Government for enabling this new product by relaxing licencing to allow for the acceleration of private renewable energy integration. In doing so, it will help alleviate pressure on the country’s electricity grid and help meet its net zero commitments. Read more about the announcement here: https://lnkd.in/d-x8SjBa Mainstream Renewable Power South Africa Investec Corporate and Investment Banking