A consortium led by project developer Mainstream Renewable Power has begun construction on a third wind energy project secured under the third round of auction of Renewable Energy Independent Power Producer Procurement Programme in South Africa.
Mainstream Renewable Power has started construction of an 80 MW wind energy project in Noupoort, Northern Cape province in South Africa. The project was allocated to the company following the third round of auctions under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The other two wind energy projects won in the same round have capacity of 140 MW each and are also being constructed in the Northern Cape province.
Mainstream is part of the a consortium that also includes Lakela Power, private equity group Actis, South Africa investment firm Thebe Investment Corporation, and Genesis Eco Energy. All 3 wind energy projects have now entered construction phase.
Mainstream was awarded 238 MW of solar and wind energy capacity during the first auction under REIPPPP in 2011. The company was also awarded two more wind energy projects of 250 MW capacity under the fourth auction a few weeks back. Thus, the company now has a total of 848 MW renewable energy capacity under various stages of development.
Actis and Mainstream have also partnered to develop large-scale renewable energy project in South America as well. As per the agreement between the two companies, Actis will own the projects being developed by Mainstream in Chile. Since 2008, Mainstream has been involved in the development of about 3,500 MW of solar and wind energy capacity in the country.
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