5MW, 6MW & 10MW Solar PV Projects
One of the largest Solar PV Independent Power Producers (IPP) Award projects in Africa, the City of Ekurhuleni, a Metro Municipality signed a 31 Solar PV IPP Awards PPA's ranging from 5MW to 10MW with signed PPA's in December 2021
Bluestone Service Group with BSG partners signed MOUs with 6 Solar PV IPP Awards totaling 55MW (5 x 10MW & 1 x 5MW) in March 2022.
The terms of the PPA
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20 Year Term
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Plant size 5MW to 10MW
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PPA Tariff over 20 years discounted Average 9.7% off the ESKOM Megaflex Tariff
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PPA Tariff in 2024 is 1.52 per kWh (includes ESKOM 2024 April increase & Discounts)
In December 2021 the Power Purchase Agreement (PPA) was signed.
Project Status
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Signed PPA (updated from REIPP Round 2 to latest REIPP round)
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Currently completing due diligence to reach financial close mid-March 2024
Installation Types
A mixture of rooftop and single axis tracked Solar PV