USTDA Connects U.S. Industry to Solar Project in South Africa
May 23, 2017
(USTDA)
Cape Town, South Africa – Today, the U.S. Trade and Development Agency awarded
a grant to Pele Green Energy (Pty) Ltd, a South African independent power
developer based in Johannesburg. The grant funds a feasibility study to assess
the viability of a 75 megawatt solar photovoltaic power plant in the Free State
province of South Africa.
South Africa has enjoyed one of the most robust markets for renewable energy in
sub-Saharan Africa. The objective of the feasibility study is to provide Pele
Green Energy with the necessary analyses required to prepare a competitive
proposal for the next round of South Africa’s Renewable Energy Independent
Power Producer Procurement Programme and to assess other options for the project
to sell its output directly to interested public and private sector off-takers.
Pele Green Energy selected Castalia LLC (Washington, D.C.), an independent
economic and financial advisory firm, to conduct the feasibility study. The
project presents opportunities for U.S. businesses to sell solar PV modules,
inverters, mounting racks, as well as other equipment and services.
“We are proud to connect Pele Green Energy with a leading U.S. company to
develop this project that will add solar energy generation in South Africa,”
said Lida Fitts, USTDA’s Regional Director for Sub-Saharan Africa.
“Pele Green Energy is excited to partner with USTDA,” said Obakeng Moloabi,
Executive Director for On-Grid Project Development at Pele Green Energy. “Risk
capital for renewable energy projects is often difficult to secure, so we
appreciate USTDA’s contribution toward bringing this project to financial
close.”
U.S. Consul General of Cape Town, Teddy B. Taylor, signed the grant on behalf of
USTDA along with Obakeng Moloabi of Pele Green Energy at a Power Africa event in
Cape Town, South Africa during Africa Utility Week.
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