Connect with us

Hi, what are you looking for?


Clean Power

Mainstream Renewable Power Completes Financing On Three South African Wind Farms

Renewable energy company Mainstream Renewable Power has announced the completion of financing for three wind farms to be built in South Africa which will have a combined capacity of 360 MW.

A consortium led by Mainstream Renewable Power was awarded the contracts for the three wind farms in 2013 by the country’s Department of Energy under the third round of its Renewable Energy Procurement Program.

The three wind farms are all to be constructed in South Africa’s Cape Province, and are likely to begin construction later this month. Specifically, the 140 MW Khobab Wind Farm will be located in the District Municipality of Namakwa in the Northern Cape; the 140 MW Loeriesfontein 2 Wind Farm will be located in the District Municipality of Namakwa; and the 80 MW Noupoort Wind Farm located in the Local Municipality of Umsobomvu in the Northern Cape.

“The team here at Mainstream is delighted with our success today,” said Barry Lynch, Mainstream’s Managing Director, Onshore Procurement, Construction and Operations. “Mainstream has been awarded more megawatts than any other Developer under the South African Government’s Renewable Energy Procurement Programme. Between Rounds 1 and 3 we have been awarded six projects with a combined capacity of nearly 600 megawatts.”

“We are delighted to have recently delivered three wind and solar farms from Round 1 into commercial operation on budget and once again we are working with many of the same debt and equity partners, construction contractors and turbine supplier,” Lynch continued.

The equity members of the consortium involved in the project include:

  • Mainstream Renewable Power
  • Actis, through its Actis Energy 3 Fund, a leading energy investor in emerging markets
  • Thebe Investment Corporation; one of South Africa’s most established broad based BEE Investment management companies
  • The IDEAS Managed Fund, managed by Old Mutual Investment Group, one of Africa’s largest independent investment managers
  • Futuregrowth Asset Management, a leading investor in developmental assets
  • Genesis Eco-Energy in partnership with Lereko Metier Sustainable Capital
  • Local Community members through established community trusts.
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like


China spent $546 billion of 2022's $1.1 trillion USD global green investment, but China is getting about a trillion USD in value out of...

Clean Power

South Africa is going through its worst ever period of electricity rationing. The national utility company Eskom has been forced to implement a load-shedding...


At the coal face of a conference that involved governmental figures, academics, logistics customers and OEMs, the detailed technical conversations are almost all about...

Clean Transport

The transition to electric mobility is happening faster than previously  thought. Electric buses provide a key pathway to increasing access to more sustainable transport...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.