Free press releases distribution network?

More news: Energy
Agency / Source: GDF SUEZ | ENGIE

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



94 MW West Coast One Wind Farm in South Africa Reaches Commercial Operation - West Coast One, the 94MW wind project located 130 km north of Cape Town in the Republic of South Africa (RSA), owned by ENGIE, together with partners Investec and Kagiso Tiso Holdings, has reached commercial operation - ENGIE.com
94 MW West Coast One Wind Farm in South Africa Reaches Commercial Operation

 

PRZOOM - /newswire/ - Paris, Ile-de-France, France, 2015/06/09 - West Coast One, the 94MW wind project located 130 km north of Cape Town in the Republic of South Africa (RSA), owned by ENGIE, together with partners Investec and Kagiso Tiso Holdings, has reached commercial operation - ENGIE.com. FR0010 208488

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The consortium was selected as preferred bidder for this project in May 2012 and signed a 20-year Power Purchase Agreement (PPA) with Eskom Holdings, the Republic’s state-owned utility, in May 2013. Construction of the wind farm, which consists of forty-seven 2 MW turbines, started in mid-2013.

Gérard Mestrallet, Chairman and CEO of ENGIE said: “South Africa is an important market for ENGIE and we are a committed long-term investor in the African continent. The West Coast One wind farm supports South Africa’s objective of increasing renewable generation and promoting local economic development. This project demonstrates ENGIE’s ability to deliver important renewable projects and underlines our commitment to developing sustainable sources of energy.”

The total investment cost of the wind farm was EUR 160 million funded by a mix of equity and debt, which has been provided by local banks. West Coast One will offset an estimated 5.6 million tonnes of CO2 over the 20-year duration of its Power Purchase Agreement (PPA).

This project follows the start of operation of the 300 MW Tarfaya wind farm in Morocco in 2014, Africa’s largest wind power project, which is owned by ENGIE in partnership with Nareva Holding.

The RSA Government is implementing a 20-year plan that makes provision for 42% (17 GW) of new generation to come from renewable energy with 8 GW allocated to onshore wind. A successful ‘Renewable Energy Independent Power Producers Programme’ is in place, with a number of projects already closed.

In addition, ENGIE is actively developing further projects in South Africa. In 2013, the Group signed the Power Purchase Agreements for two greenfield open-cycle gas urbine power plants of 335 MW (Dedisa) and 670 MW (Avon), which are located in the Eastern Cape Province and in the KwaZulu-Natal Province respectively. In 2015, an ENGIE-led consortium with South African partners, was nominated ‘preferred bidder’ for the 100 MW Kathu Solar Park in the Northern Cape Province.

ENGIE currently has 19 GW of renewable generation capacity in operation worldwide[1], of which more than 4 GW is wind.

ENGIE holds a 43% equity interest in the West Coast One project, while Investec owns 34.5%, Kagiso Tiso Holdings has a 20% interest. The remaining 2.5% will be allocated to a Community Trust, with the purpose of developing and sustaining the surrounding community.

[1] 100% end 2014

About ENGIE
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE (engie.com) employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (GSZ) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

Investor Relations contact: T: +33(0)1 44 22 66 29 - E: ir[.]engie.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: GDF SUEZ | ENGIE

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


94 MW West Coast One Wind Farm in South Africa Reaches Commercial Operation

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
West Coast One | ENGIE
Contact: Press Office - ENGIE.com 
+33(0)1 44 22 24 35 / +32 2 510 76 70 engiepress[.]engie.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any GDF SUEZ | ENGIE securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From GDF SUEZ | ENGIE / Company Profile


Read Energy Most Recent Related Press Releases:

Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Intrinsic Executive Search Ltd







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today