Ireland-based energy developer Mainstream Renewable Power has successfully closed the $760m deal for three wind project developments in South Africa, totalling 360MW.
The wind projects that have reached financial closure include the 140MW Khobab and 140MW Loeriesfontein 2 in the Namakwa municipality along with the 80MW Noupoort in Umsobomvu municipality.
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Department of Energy in South Africa had awarded the contracts for the projects to a Mainstream-led consortium in October 2013.
Located in the Northern Cape province, the three wind projects represent ZAR9bn investment ($762.5m).
Mainstream onshore procurement construction and operations managing director Barry Lynch said: "Globally, Mainstream continues its aggressive wind and solar expansion programme; we have hundreds of megawatts in construction and operation in Ireland, Chile, Canada and of course South Africa.
"We are close to putting additional projects into construction in Chile in the coming months and recently received consent to build and operate two multi-billion pound offshore wind farms in the UK."
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By GlobalDataAnother Mainstream-led consortium had won 238MW of wind and solar projects in the first round of the South African Government’s Renewable Energy Procurement Programme previously. The three projects under that deal are presently operational, the company informed.
