For information regarding COVID-19 in South Africa, please visit www.sacoronavirus.co.za

Assets

Gaia Infrastructure Capital has acquired interests in two wind farms and three solar photo voltaic farms that were licensed in round 1 of the Renewable Energy Independent Power Producer Procurement Programme in South Africa.

GAIA renewable energy assets overview

GAIA Infrastructure Capital is invested in five renewable energy assets across Southern Africa – two wind farms and three solar PV farms – which collectively have the potential to generate enough energy to power more than 350,000 South African homes.

The assets were all licensed by South Africa’s Department of Energy (DOE) in the first round of bids of the Renewable Energy Independent Power Producer Procurement Programme. They are also key ventures for the economic development of disadvantaged communities in the Eastern Cape, Northern Cape and Free State provinces, with the construction phases of the solar farms alone creating more than three million man hours of job opportunities.

A brief overview of the assets is provided below.


Dorper Wind Farm (100MW)

Located between the Molteno and Sterkstroom communities in the Eastern Cape, the Dorper Wind Farm has been feeding 100MW of clean, renewable energy into Eskom’s electricity grid since August 2014. The government-guaranteed Power Purchase Agreement with Eskom for this asset runs until July 2034.

GAIA holds a 9.9% stake in this asset. For more information on this asset, click here.


Noblesfontein Wind Farm (73.8MW)

The Noblesfontein Wind Farm is located on Farm Noblesfontein, approximately 35 km south of a small Northern Cape town of Victoria West. The wind farm, which became operational in July 2014 following a construction period of 16 months, produces 73.8 MW of clean renewable energy through 41 Vestas V100 (80m hub height) wind turbine generators that can each produce up to 1.8 MW. The total expected annual electricity generated is 221 GWh, and the government-guaranteed Power Purchase Agreement with Eskom for this asset runs until June 2034.

GAIA holds a 20% stake in this asset. For more information on this asset, click here.


Jasper Solar PV Farm (75 MW-AC/96 MW-DC)

Located near Postmasburg, Northern Cape, the Jasper Solar PV Farm is currently the largest photovoltaic power plant on the African continent. With more than 325,000 Solar PV modules installed over an area covering 150 hectares, the plant comprises 39 central inverter stations, each of which has capacity of 2 MW-AC. These are expected to generate 180 GWh of electricity annually. The facility, which is adjacent to the Lesedi Solar PV Farm, became operational in December 2014 and has a government-guaranteed Power Purchase Agreement with Eskom that runs until November 2034.

GAIA holds a 4% stake in this asset. For more information on this asset, click here.


Lesedi Solar PV Farm (75 MW)

The Lesedi Solar PV Farm is located on Humansrus Farm approximately 30 km East of Postmasburg, Northern Cape. The area is sun-drenched and is characterised by minimal rainfall and vast open areas, placing it amongst the best locations in the world for high irradiance. Construction of the plant started in January 2013 and commercial operations, began in May 2014. The power plant currently supplies approximately 140 GWh of power to Eskom annually in accordance with a government-guaranteed Power Purchase Agreement that runs until April 2034.

GAIA holds a 5.3% stake in this asset. For more information on this asset, click here.


Letsatsi Solar PV Farm (75 MW)

The Letsatsi Solar PV Farm is located on Jedwater Farm, some 35 km northwest of Mangaung Metropolitan Municipality in the Free State Province. The asset comprises HANWA SolarOne SF260 photovoltaic modules, plus Siemens PVS500 inverters. The asset became commercially operational in May 2014 and has been supplying approximately 140 GWh of power to Eskom annually in accordance with a government-guaranteed Power Purchase Agreement that runs until April 2034.

GAIA holds a 5.3% stake in this asset. For more information on this asset, click here.