AMEA Power is the majority shareholder in the 120MW solar pv project, and had partnered with Ziyanda Energy and Dzimuzwo Energy, which are wholly owned by African women. The project was first awarded to the consortium through Bid Window 6 of the REIPPPP. Standard Bank South Africa provided the debt funding of $100 million to AMEA Power, while Industrial Development Corporation provided the $8 million of equity funding to the local partners.
AMEA Power’s Chairman, Hussain Al Nowais, said, “We are delighted to reach financial close on the 120MW Doornhoek solar project in South Africa. The country has vast renewable energy opportunities, and we are proud that with this project, we will support South Africa in its renewable energy transition.”
The company had signed a Power Purchase Agreement on April 30, 2024, with His Excellency Gwede Mantashe, Minister of Mineral Resources and Energy of South Africa, Segomoco M. Scheppers, Eskom Group Executive for Transmission, and Hussain Al Nowais, Chairman of AMEA Power.
The 120MW Doornhoek Solar PV Project is located near the town of Klerksdorp in the North Western Province, and will generate 325GWh of clean energy, power an estimated 97,000 households and offset 330,000 tonn of carbon emissions annually. The project is expected to commence commercial operations by December 2025.
As part of AMEA Power’s “Community Investment and Development Program”, the company will implement initiatives aimed at benefiting the socio-economic growth and development of the local community, which are aligned with the United Nations’ Sustainable Development Goals.
