Mainstream Renewable Power Secures Financing for 97.5 MW Solar PV Farm in South Africa

Mainstream Renewable Power South Africa

Mainstream Renewable Power, a wind and solar company, has achieved financial close on a significant milestone — a 97.5 MW solar PV farm in South Africa. This project, backed by 20-year Power Purchase Agreements (PPAs) with Sasol and Air Liquide, marks a pivotal step in the decarbonization journey for both companies.

Located in the Free State province, construction of this solar PV farm is set to commence this year and is anticipated to reach full operational capacity by 2025. The energy generated will be channeled through the national grid to power Sasol and Air Liquide’s operations in Secunda, Mpumalanga province. These PPAs are integral to the joint efforts of Sasol and Air Liquide to reduce their carbon footprint and embrace sustainable practices.

Hein Reyneke, Mainstream’s General Manager for Africa, expressed pride in this collaboration, highlighting Mainstream’s role as a key partner in meeting decarbonization needs. Emphasizing Mainstream’s track record as a leading renewable energy developer in South Africa, Reyneke underscored the significance of private PPAs in alleviating energy constraints and contributing to the country’s energy security while addressing challenges like load shedding.

Mainstream Renewable Power has delivered 850 MW of wind and solar assets over 15 years. The company’s project pipeline exceeds 10 GW across multiple provinces. Additionally, its subsidiary, Mainstream Asset Management South Africa (MAMSA), ensures long-term asset integrity by offering operations and maintenance services.

This endeavor underscores Mainstream’s commitment to sustainable energy development and its pivotal role in driving South Africa’s renewable energy landscape toward a cleaner, more resilient future.