Italian renewable energy
group Building Energy looks set to remained active in South Africa after
recently playing host to the country’s minister of International Relations and
Cooperation, Maite Nkoana-Mashabane at the company’s headquarters in Milan.
Building
Energy, a globally integrated independent power producer, has developed and
manages more than 30 projects in South Africa and Central Africa, including the
81 MW Kathu solar farm in the Northern Cape, one of the biggest PV plants on the
continent. The group also operates wind, biomass and hydro-electric projects in
the country, including the 14 MW biomass plant in Mkuze, the first and largest
biomass plant in Africa.
In
April, Building Energy won preferred bidder status in the fourth round of South
Africa’s Renewable Energy Independent Power Producer Procurement Program
(REIPPP) for the development of a 140 MW wind project in Roggeveld, an area
between the Northern and Western Cape Provinces, and a 4.7 MW small-hydro
project in Kruisvallei, in the Free State Province.
Nkoana-Mashabane
said South Africa was “focusing its attention on the environment, maintaining
all the goals that were set for the improvement of the energy mix and the
increase in the use of clean energy, and will be one of the main players in the
upcoming COP21. We are aware of the role that foreign companies, like Building
Energy, play in South Africa and we’re working to keep all our commitments in
order to guarantee that their investments will profit.”
Building
Energy has also been active with a number of initiatives in the country. In May,
the company sponsored the African Utility Week and Clean Power Africa in Cape
Town, a global conference and trade exhibition for the power and water utility
industry. It has also been a key participant in the South Africa-Italy Summit
for the past two years.
Building
Energy CEO Fabrizio Zago called Nkoana-Mashabane’s visit to the company’s Milan
headquarters a “tangible sign of the good relationship” the group has with South
Africa. The country “represents a market with a huge potential for companies
operating in the renewable energy sector” thanks to its rich resources and the
governmental programs for clean energy development, he added.
Building
Energy has a current pipeline in 24 countries with more than 2.9 GW and
generative assets being built over the next two years of more than 500 MW.
In
June, the company announced a $200
million plan to build two solar PV plants in the northern
Egyptian area of Benban
with a combined capacity of 50 MW.
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