The deal, announced in June 2023 with financial close on December 13, 2023, brings ENGIE an additional 340 MW of net renewable operating assets and a portfolio of more than 3 GW of advanced development projects.
This follows the announcement just last week that two solar photovoltaic power plants in Grutzspruit and Graspan had successfully completed financial settlement.
The acquisition of BTE Renewables completes a transformative year for ENGIE in South Africa, doubling the company’s installed renewable energy capacity, number of operating assets, development pipeline and headcount. Following the completion of this transaction, ENGIE will now operate 1.6 GW of assets in South Africa, including BTE.
Currently, ENGIE owns, operates and maintains two concentrated solar power plants (CSP), namely Xina Solar One (100 MW) in Pofadder and Kathu Solar Park (100 MW) in Kathu. In addition, ENGIE owns and operates one West Coast 1 onshore wind farm (94 MW), two solar photovoltaic plants Aurora and Vredendal (21 MW) and two peaking thermal power plants (670 MW Avon and 335 MW Dedisa). The company is working toward financial close for the OYA Hybrid project, which is expected to be completed in early 2024.
BTE Renewables is adding two onshore wind farms, Excelsior Wind (32 MW) in Swellendam and Golden Valley Wind (120 MW) near Bedford, as well as three solar PV plants: Aggeneys in Aggeneys Solar PV (46 MW), Konkoonsies II Solar PV (86). MW) in Pofadder and MBP Solar PV (86 MW) operating in Priska to ENGIE in South Africa.
