First two BW5 wind projects reach financial close

Two wind projects under Bid Window Five (BW5) of South Africa’s Renewable Independent Power Producer Procurement Programme (REIPPPP) have reached financial close – the first REIPPPP projects to advance to financial close since 2018 and also the first BW5 projects to reach the milestone. Located on the border of the Eastern and Northern Cape provinces, the projects are the Phezukomoya and San Kraal wind energy facilities with capacities of 140 MW apiece and which will be built by EDF Renewables and its partners, H1 and Gibb-Crede.