Latest news with #BESIPPPP
Yahoo
3 days ago
- Business
- Yahoo
Scatec wins preferred bidder status for Haru BESS, South Africa
Renewable energy company Scatec has been awarded preferred bidder status for the Haru battery energy storage system (BESS) project in South Africa. The project, which totals 123MW/492 megawatt-hours (MWh), is part of the third bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP), led by the Department of Mineral Resources and Energy. Under a 15-year agreement, Scatec will receive payments for making the storage capacity available to the National Transmission Company of South Africa (NTCSA), which will use it to balance the grid. The estimated total capital expenditure for the project is approximately R2.2bn ($120m), with Scatec's engineering, procurement and construction (EPC) contracts accounting for roughly 80% of the cost. Scatec CEO Terje Pilskog said: 'Today's award reaffirms our standing as a leading renewable energy player in South Africa. We applaud the South African Government's commitment and dedication to the renewable energy procurement programmes. Battery energy storage will continue to play an important role in the energy transition, and we will continue to be at the forefront across our core markets.' The project financing will consist of 90% non-recourse project debt, with the remainder covered by equity from the owners. Scatec will own a 50.01% stake, Stanlib's Greenstreet and Redstreet Funds will hold 44.99% and a Community Trust will maintain a 5% share. Scatec will also provide engineering, procurement and construction (EPC), operations and maintenance (O&M) and asset management (AM) services. Scatec sub-Saharan Africa GM and EVP Alberto Gambacorta said: 'Dispatchable energy and grid infrastructure are now more important than ever, in the pathway to unlock the sustainability of South Africa's current and future energy system.' The Department of Mineral Resources and Energy anticipates commercial close by the end of the first quarter of 2026, with the project located in Free State Province. "Scatec wins preferred bidder status for Haru BESS, South Africa" was originally created and published by Energy Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Citizen
4 days ago
- Business
- The Citizen
MK party wants full disclosure over R9.5bn battery storage projects
Electricity Minister Kgosientso Ramokgopa praised Mulilo Energy as a "great South African success story". The MK party says it wants full disclosure of bid adjudication records after a multi-billion energy tender was awarded to a company headed by former Eskom CEO Andre de Ruyter's right-hand man, Jan Oberholzer. On Friday, Electricity Minister Kgosientso Ramokgopa announced the appointment of five preferred bidders under the Battery Energy Storage Independent Power Producers Procurement Programme (BESIPPPP). De Ruyter's right-hand man Mulilo Energy, chaired by Oberholzer, the Chief Operating Officer of Eskom and Scatec, was awarded five large battery storage projects in the Free State to develop 616 MW / 2,464 MWh of new battery storage capacity for R9.5 billion. Oberholzer was appointed chairperson of Mulilo in September 2023, just two months after leaving Eskom as COO. Out of the five available projects, four were awarded to Mulilo Energy Mulio Energy was founded in 2008 by property developer Johnny Cullum and racing driver Chris Aberdein after a conversation about load shedding. Both remain on Mulilo's board. ALSO READ: Eskom denies reports of 14-hour load shedding next month MK party not happy Ramokgopa praised Mulilo at Friday's announcement as a 'great South African success story' that shows the country can stand tall globally. However, the MK party wants transparency in the bidding process MK party national spokesperson Nhlamulo Ndhlela said they have written to Ramokgopa demanding full disclosure of the bid adjudication records within seven days. 'The uMkhonto weSizwe party is blowing the lid off what appears to be one of the most blatant acts of javelin throwing in post-apartheid public procurement, this time under the green veil of 'renewable' energy. 'Should the Minister fail to comply, the MK party will immediately approach the courts to interdict and suspend these contracts,' Ndhlela said. 'Billions' Ndhlela said 'this is no longer about megawatts. 'This is about the billions being funnelled out of our country under the false flag of progress, and the MK Party will not stand by and watch our state-owned entities being handed over to corrupt white monopoly capital interests'. The Battery Energy Storage Programme is a critical initiative aimed at enhancing South Africa's power system by providing essential ancillary services and increasing grid capacity through energy storage. Projects Other awarded projects located in the Free State will include: Erfdeel BESS (123MW/ 492MWh) Retreat BESS (123MW/ 492MWh) Bloemhoek BESS (124MW/ 496MWh) Vanilla BESS (123MW/ 492MWh) The BESIPPPP Bid Window 3 was launched on 28 March 2024, with bids submitted on 28 November 2024. Ramokgopa said the evaluation process was conducted by an Independent Bid Evaluation Committee 'under strict security measures, took place at the IPP Office.' ALSO READ: Eskom winter outlook: Here's how many days of load shedding to expect in SA
Yahoo
6 days ago
- Business
- Yahoo
Scatec wins battery storage project in South Africa
Oslo, 30 May 2025: Scatec ASA has been awarded preferred bidder status for the Haru BESS Battery Energy Storage Project totalling 123 MW/492 MWh in the third bid window of the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) in South Africa, by the Department of Mineral Resources and Energy. Scatec will receive payments under a 15-year agreement for making the storage capacity available for the National Transmission Company of South Africa (NTCSA) which will utilise the capacity to balance the grid. The estimated total capex for the battery energy storage project is ZAR 2.2 billion (USD 120 million) of which Scatec's EPC contracts account for approximately 80%. The project will be financed by 90% non-recourse project debt and the remaining by equity from the owners. 'Today's award reaffirms our standing as a leading renewable energy player in South Africa. We applaud the South African government's commitment and dedication to the renewable energy procurement programmes. Battery energy storage will continue to play an important role in the energy transition, and we will continue to be at the forefront across our core markets,' says Scatec CEO Terje Pilskog. Building on the experience garnered from the hybrid solar and battery storage projects at Kenhardt, and the ongoing construction of Mogobe BESS, Scatec continues to actively support battery integration to stabilise the national grid. 'Dispatchable energy and grid infrastructure are now more important than ever, in the pathway to unlock the sustainability of South Africa's current and future energy system,' adds Alberto Gambacorta, GM and EVP Sub-Saharan Africa, Scatec. Scatec will own 50.01% of the equity in the project with Stanlib's Greenstreet and Redstreet Funds owning 44.99% and a Community Trust holding 5%. Scatec will provide engineering, procurement, and construction (EPC), operations & maintenance (O&M), and asset management (AM) services to the project. According to the Department of Mineral Resources and Energy, commercial close is expected to be concluded by the end of Q1 2026. The project will be located in the Free State Province. For further information, please contact:For analysts and investors:Andreas Austrell, VP 974 38 686 For media:Meera Bhatia, SVP External Affairs & 468 44 959 About Scatec Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 6.2 GW in operation and under construction across five continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of 'Improving our Future'. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SCATC'. To learn more, visit or connect with us on LinkedIn. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
