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Excelsior Wind Farm

Sector: Wind • Location: South Africa

Source: World Bank Group

Project
Active

The project entails the construction of the 32MW Excelsior wind farm, located in the Free State province of South Africa.

Sponsor BioTherm has secured a ZAR697 million ($51.7m) 17-year A loan. The equity part amounts to ZAR218 million ($16.1m) and represents a debt-to-equity ratio of 76:24.

The facility benefits from a 20-year PPA with national Utility Eskom.

The project achieved Preferred Bidd

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Project Information

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The project “Excelsior Wind Farm” is an infrastructure initiative in the Wind sector, located in South Africa. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of the 32MW Excelsior wind farm, located in the Free State province of South Africa. Sponsor BioTherm has secured a ZAR697 million ($51.7m) 17-year A loan. The equity part amounts to ZAR218 million ($16.1m) and represents a debt-to-equity ratio of 76:24. The facility benefits from a 20-year PPA with national Utility Eskom. The project achieved Preferred Bidder status under Round 4 of the REIPPP Programme in South Africa in April 2015 and has been brought to financial close on 24 July 2018 in line with the progress of the REIPPP programme. In November 2019 MIGA issued guarantees for up to $65 million in 2 wind power plants - Golden Valley and Excelsior. IJGlobal

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