Mainstream Renewable Power reaches financial close on 97.5 MW solar PV farm with corporate PPAs in South Africa

Global wind and solar company Mainstream Renewable Power has completed the financing of a 97.5 MW solar PV park and signed a 20-year power purchase agreement with South Africa’s Sasol and Air Liquide.

97.5 MW solar PV farm

Construction of the solar PV park in the Free State province will begin this year and is expected to be fully operational by 2025. The electricity generated is supplied to Sasol and Air Liquide’s operations in Secunda, Mpumalanga via the national grid. The power purchase agreement is part of a joint effort by Sasol and Air Liquide to decarbonise their respective operations.

“We are proud to partner with Sasol and Air Liquide to provide them with efficient and cost-effective solutions for their decarbonization needs,” said Hein Reyneke, Managing Director Africa at Mainstream. As the South’s most successful renewable energy One of the developers in Africa, Mainstream, is considered a preferred partner for private power purchase agreements. These agreements are crucial to overcoming the country’s energy shortages as they can make a significant contribution to energy security and load shedding issues quickly and cost-effectively. We’re delighted that Mainstream is at the forefront of the energy transition. “

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Private offtake agreements can deliver large amounts of energy quickly and reliably, reducing companies’ exposure to rising energy costs and helping to achieve their decarbonization goals. The project will contribute to the local community through job creation and socio-economic investment.

“This agreement underlines our commitment and responsibility to deliver viable commercial and socio-economic solutions to meet the energy security needs of South Africa’s energy transition and help fulfill the role of independent power producers in rebuilding the South African economy as quickly as possible.” Lei Necker said.

Mainstream is one of South Africa’s leading renewable energy companies. The company has put 850 MW of wind and solar power plants into commercial operation over the past 15 years. Mainstream’s South African team has developed over 10 GW of onshore wind and solar PV projects across multiple provinces. In addition, its subsidiary Mainstream Asset Management South Africa (MAMSA) provides operations and maintenance services to ensure the long-term integrity of assets.

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