Solar energy firm Sonnedix says that it has closed all contracts on a project to build a large-scale solar photovoltaic (PV) farm in South Africa.
Sonnedix, an independent power producer (IPP) focusing on the solar energy sector, announced in January that financing facility agreements, engineering, procurement and construction (EPC) contracts, and a power purchase agreement for the 86 MW Mulilo Sonnedix Prieska project have all been finalised.
German solar project developer Juwi will carry out EPC, while financing will be provided by Nedbank and Standard Bank. Energy from the solar farm will be sold to Eskom.
Sonnedix is partnering with Mulilo, a major South African renewable energy developer, to develop the project under South Africa's renewable energy procurement programme.
"This first closing in South Africa is a considerable milestone for our company," said Franck Constant, President of Sonnedix. "It confirms the growth strategy and added value of Sonnedix in new markets where clean renewable electricity is in high demand and cost effective compared to conventional power."
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