Enel Green Power (EGP) RSA has signed deals worth €950m ($1.1bn) in financing for five South African wind projects. The South African renewables unit of the Italian company has signed financing agreements with Nedbank and Absa over the approximate 700 MW wind portfolio. The sites will be at Garob, Karusa and Soetwater in the Northern Cape, and Oyster Bay and Nxuba in the Eastern Cape. Each will have a capacity of about 140 MW and work on all schemes should start by 2021. When completed, EGP's installed capacity in the country should exceed 1.2 GW.
Enel Green Power (EGP) RSA has signed deals worth €950m ($1.1bn) in financing for five South African wind projects. The South African renewables unit of the Italian company has signed financing agreements with Nedbank and Absa over the approximate 700 MW wind portfolio. The sites will be at Garob, Karusa and Soetwater in the Northern Cape, and Oyster Bay and Nxuba in the Eastern Cape. Each will have a capacity of about 140 MW and work on all schemes should start by the end of next year. When completed, EGP's installed capacity in the country should exceed 1.2 GW.