Green Giraffe and EDF Renewables have successfully reached financial closure on three wind energy projects in South Africa's REIPPPP Bid Window Round 5, marking a significant advancement in the country's renewable energy landscape.

Information on the Target

Green Giraffe, a financial advisory firm, has been actively involved in South Africa's renewable energy sector since establishing its office in Cape Town in 2017. The firm's recent achievement includes the financial close of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) Bid Window Round 5 projects. These projects include the Coleskop Wind Energy Facility (COL), Phezukomoya Wind Energy Facility (PHE), and San Kraal Wind Energy Facility (SK), which are notable for being the first to reach financial close in this bidding round.

Each of the wind farms has a capacity of 140 MW, and their successful financing represents a significant milestone amid a competitive landscape where only six of the 25 awarded projects reached financial close. Green Giraffe has played a pivotal role in supporting the EDF Renewables consortium, facilitating all financing aspects and establishing crucial market relationships.

Industry Overview in South Africa

The renewable energy sector in South Africa is driven by the government's REIPPPP, designed to increase private sector involvement in electricity generation. This initiative has established a robust framework for financin