IPP Office to defend legal attempt by BW5 preferred bidders to prevent payout of bid bonds

The Independent Power Producer (IPP) Office has confirmed that it will oppose a legal attempt by two renewables consortia to prevent the payout of preferred-bidder guarantees called after their projects failed to advance to commercial close. Both consortia – Engie-Pele Sannapos Solar PV Consortium and Globeleq-Mainstream SA Renewables Power – were selected as preferred bidders during Bid Window 5 (BW5) of the Renewable Energy Independent Power Producer Procurement Programme, launched in 2021.