GDF Suez solar project awarded preferred bidder status

GDF Suez solar project awarded preferred bidder status

Robin Whitlock Wednesday, 14 January 2015

A consortium led by GDF Suez has been nominated ‘preferred bidder’ by the South African Department of Energy (DOE). The Kathu Solar Park project in South Africa is owned by a GDF Suez consortium which includes South African partners and consists of a 100 MW greenfield Concentrated Solar Power (CSP) project with parabolic trough technology. It is also equipped with a molten salt storage system that allows 4.5 hours of thermal energy storage.

The project is located in the Northern Cape Province, 600 kilometres south-west of Pretoria. GDF Suez maintains a 49 percent stake in the project while other investors include the SIOC Community Development Trust, Investec Bank, Lereko Metier and the Public Investment Corporation. Preferred bidder status was awarded under South Africa’s Renewable Energy Independent Power Producer Procurement (REIPPP) programme led by the DOE. Each preferred bidder will be invited to enter into a 20 year power purchase agreement (PPA) with Eskom, the South African electricity public utility.

“Kathu Solar Park strengthens our contribution to South Africa’s objective of establishing sustainable energy generation and promoting local economic development” said Gérard Mestrallet, Chairman and CEO of GDF Suez. “The project is in line with our Group’s […]

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