Cennergi and G7 Renewable Energies have secured financial close on the 140MW Karreebosch Wind Farm, enhancing South Africa's renewable energy capabilities while creating local jobs and supporting community development.
Target Information
Cennergi Holdings Ltd, a wholly owned subsidiary of Exxaro Resources Limited, in collaboration with G7 Renewable Energies, has reached a significant milestone by achieving financial close on the 140MW Karreebosch Wind Farm (RF) (Pty) Ltd. This project is a substantial addition to South Africa's renewable energy landscape. The ownership structure of the wind farm consists of 80% held by Cennergi and 20% by G7, strategically located between Sutherland in the Northern Cape and Matjiesfontein in the Western Cape.
The Karreebosch Wind Farm is set to provide clean electricity through a long-term, 20-year Power Purchase Agreement (PPA) with Northam Platinum. The electricity generated will be transmitted via the national grid, significantly contributing to sustainable energy usage in the mining sector.
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Industry Overview
The renewable energy industry in South Africa is experiencing rapid growth, driven by the government's commitment to increasing renewable energy production as part of its Integrated Resource Plan. The ambitious t
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Transaction Size: $252M