Old Mutual Hopefield Wind Farm

Project Information
Country: South Africa Location: Hopefield
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): .. Termination year: ..
Main revenue source(s): PPA/WPA payments Contract award method: Competitive bidding
Bid criteria: Lowest tariff Number of bids: 56
Renewal contract award method: Not Applicable Renewal bid criteria: Not Applicable
Government granting contract: Federal Renewal number of bids: ..
Financial Information
Project company: Umoya Energy (Pty) Ltd
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): RMB(South Africa)
Commissioning date: 2014 Project grid: South Africa
Carbon credits: No

Sponsor Details

Sponsor % Ownership Country of origin
Macquarie Infrastructure Group (MIG) 39 Australia
Old Mutual 39 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 .. 173 78 MW ..

Multilateral Support Details

No details available

Funding Details

Funding year Private debt funding Capital grants Government funding Local public bank funding Donor funding Debt equity grant ratio Private equity funding
2012 120 .. .. .. .. 70/30 73