Aspen Power monetises ITC credits from two-state PV portfolio
Sep 20, 2024 7:04 CESTAustralian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to build a 100-MW solar park in the South African Kingdom.
The photovoltaic (PV) park will be coupled with battery storage capacity, the company said on Tuesday. It estimates it will require an investment of some USD 115 million (EUR 98.8m).
The project, touted as the largest one of its kind in Africa, envisages the installation of the solar farm at the Edwaleni hydropower plant (HPP) in Matsapha, central Eswatini. Planned to span an area of 45 ha (111 acres), it will be equipped with 75,000 PV panels to produce more than 100 million kWh of electricity annually. The solar park is due to be commissioned in 2022.
The generated electricity will be supplied to countries within the Southern African Development Community (SADC).
Frazium Energy’s contract with the Eswatini government will run for 40 years.
(USD 1.0 = EUR 0.860)
Aspen Power monetises ITC credits from two-state PV portfolio
Sep 20, 2024 7:04 CESTAustralia puts green tick on 300-MW solar project in Queensland
Sep 20, 2024 6:04 CESTJordan Green agrees land deal for solar-powered green ammonia hub
Sep 20, 2024 5:52 CESTQair’s Green Switch wins permit for 50-MW British PV park
Sep 20, 2024 5:48 CESTAmmper Power to procure electricity from 50-MW solar park in Texas
Sep 20, 2024 5:46 CESTIberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CEST