Gestamp Karoo Wind Farm

Project Information
Country: South Africa Location: Karoo, South Africa
Technology: Wind Development stage: Financial Closure
Status: Construction Number of system(s): 1
Captive facility: No Percentage captive: ..
Contract Information
Type of PPI: Greenfield project Subtype of PPI: Build, own, and operate
Contract period (years): 20 Termination year: 2034
Main revenue source(s): PPA/WPA payments Contract award method: Competitive bidding
Bid criteria: Lowest tariff Number of bids: 53
Renewal contract award method: Not Applicable Renewal bid criteria: Not Applicable
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company:
Publicly traded: No Stock market: N/A
Type of government support: ..
PPP project: Yes Related infrastructure by government:
PPP part of public project: No Key features of guarantee:
Key features to support revenue/reduce cost: 20-year power purchase agreement with Eskom, with a payment guarantee from the South African Department of Energy Total cost of public project:
PPP type: Services contracted by the government Concession period type: Fixed concession Period
Banks/funds involved (depth financing): Standard Bank
Commissioning date: 2014 Project grid: South Africa
Carbon credits: Yes

Sponsor Details

Sponsor % Ownership Country of origin
Gestamp Renewables 60 Spain
Others 15
Shanduka Group 25 South Africa

Project Investment History (proposed investment listed for pipeline projects)

Year % private Payment commitments to the government * Investment commitments in physical assets Capacity Type Government cash subsidy commitments
2012 100 .. 185 75 MW ..

Multilateral Support Details

No details available

Funding Details

No details available