Major CSP developers to discuss Southern Africa's potential market

Renewable energy projects are advancing rapidly in Southern Africa, with new government support for independent power producers (IPPs) and new interest from investors.

Southern Africa is seen by multiple analysts as one of the most important regions to develop renewable energies globally. Recently, 17 renewables projects were granted preferred bidder status under the last round of South Africa's Renewable Energy Independent Power Producer Programme (REIPPP). Now, Namibia is preparing its first 50 MW concentrated solar power project and Botswana has too plans to include renewable energy amongst its energy portfolio.

Aaron Somolekae, Principal Engineer at the Department of Energy of Botswana told CSP Today that "the bankable feasibility study recommended 100MW as a PPP/IPP model, whereby Botswana Power Corporation will have a stake and an IPP/developer will have the majority stake. The amount of local private content will also play a small role. There may be potential for another 100MW as well" told In South Africa, an additional Window 3.5 takes place in March exclusively for CSP. 200 MW will be allocated and according to financing sources, there are 6 bidders so far involved in the round. During the last CSP Today "Securing Project Financing" webinar, developers voted in an industry poll that raising enough debt or equity commitments pre-bid submissions was the biggest financial challenge in the region.
Leading Spanish developer Abengoa with three CSP plants totalling 250 MW, Saudi ACWA Power and South African Emvelo with 50 and 100 MW trough plants respectively are meeting at CSP Today South Africa 2014 (8-9 April, Cape Town) to discuss the next steps for the CSP industry in the region with financial institutions such as Investec, DBSA or Standard Bank and government officials from South Africa, Botswana and Namibia.
For more information on CSP Today South Africa 2014 please visit: http://goo.gl/gyyzR8

About CSP Today
CSP Today is the reference point for CSP professionals and a cornerstone for communications within the industry. We provide business intelligence to the industry with focused news, events, reports, updates and information for the Concentrated Solar Thermal Power industry in markets such as India, South Africa, Spain, USA, Chile and the MENA region.

Featured Product

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Visit Booth #2886 at AWEA Windpower, May 22-25 in Anaheim, CA to see how Parker products, systems and services help you raise performance while reducing risk in wind energy environments. Parker has been on the forefront of windpower for over two decades, with solutions that touch virtually every critical function in the turbine. From integrated lube oil filtration systems and sealing technologies that make drive trains more reliable and bearings operate like new to compact blade pitch actuation systems that maximize rotor efficiency and minimize vibrations in the turbine. Parker has the solutions that make today's advanced and sophisticated wind power plants better and smarter. Case in point? Our high efficiency power conversion systems that deliver optimum power to the grid. While our scalable evaporative cooling system lowers overall system cost with up to 40% higher power throughput.