Spain Renewable Energy Corp Uniting South Africa Seeking Business Opportunities

Online, December 17, 2012 (Newswire.com) - In January this year, the Spanish government to curb the budget deficit, suspended on renewable energy project subsidy. The government is to get rid of the burden, but Spain 's largest energy companies to search for Spain and Europe outside of the renewable energy market.

In the Spanish ceased subsidies for renewable energy during, South Africa has taken its first step development of renewable energy, new energy enterprises become attracted to. In the bidding process even if the South African government reduced the tariff preferential policy also not affect the Spanish source company United South Africa into the market.

Recently, South Africa Department of energy to attract foreign capital, introduce 3725000000000000 watt renewable energy independent power production plan ( REIPPP ). It is reported, to 2020, South Africa will increase the installed capacity of 3.2 gigawatts of renewable energy; to 2030, 17.8 GW of renewable energy generation.

Spain 's largest energy companies in South Africa this "cake " is quite inviting. Spain Engineering Corporation abengoa group ( Abengoa ) expresses, market diversification is the guarantee of sustainable development strategy. Arvind Goa announced in November 13th, has been in South Africa to build Khi PV is a 50 megawatt solar power tower and the Northern Cape Province KaXu PV is a 100 MW parabolic trough power station. REIPPP first batch of renewable energy projects won a total of 28, which ranked the two power stations in South Africa, they are the first batch of condensing heat of solar energy power station, Khi period or Arvind Goa in the Spanish overseas constructed third large commercial solar power station.

Arvind Goa is now in the global scope has been completed and PV installed capacity of 743 MW, in build a capacity of 910 mw. It is reported, Khi solar phase and KaXu solar issue is using Arvind Goa advanced to reduce water consumption of dry cooling technology, the setting of the sun storage capacity can run for 3 hours and two hours.

The two photovoltaic power station is composed of Arvind Goa and South Africa state-owned Industrial Development Corporation ( IDC ) cooperative construction. Arvind Goa owns a 51% stake, is mainly responsible for the construction, operation and maintenance of power plants, IDC holds 29% of the shares, the remaining 20% to the South African black economic rights policy ( Black Economic Empowerment ), the policy is designed to encourage black development of small and medium-sized enterprises, and actively participate in the national large-scale enterprise development, the enterprise ownership, black participate in the management level and receive skills training set rigid target, in order to improve the degree of blacks into economy.

Two power plant is expected to completed in mid 2014, the power generated by the power purchase agreement to sell South Africa according to power company, enough to supply 50000 homes. In addition, power plants will be in South Africa each year to reduce 498000 tons of carbon dioxide emissions, and create 1400 construction jobs, 70 permanent jobs.

In addition to abengoa, Spain Gestamp Group subsidiary Gestamp Solar photovoltaic market also has a space for one person in South Africa, the company and South Africa's Mulilo Gestamp Mulilo Renewable Energy Corp to set up a joint venture company, the joint venture company 's two project in the first round of the successful bidder REIPPP.

It is reported, Gestamp Solar won the South African local Finance Companies 80000000 euros guarantee funds, and signed a power purchase agreement. Two projects will be built in the Northern Cape Province, with a total installed capacity of 30 mw. Gestamp Solar chief executive Haugel Barre said: " to become the REIPPP first signed a power purchase agreement in the company, we are very proud of. These projects will promote the company's business be on internationalization road. "

In addition, Gestamp Group subsidiary of Gestamp Wind, is also the world famous wind power plant manufacturer, responsible for the development, construction and operation of wind farms. The company not only assumed the construction arid plateau of Southern Africa 75 MW wind farm, also in South Western Cape province and Eastern Cape investment in the establishment of fan equipment manufacturing plant, to the REIPPP's successful enterprises to provide equipment fan.

Gestamp Wind call REIPPP, call not only promoted the development of renewable energy in South Africa, South Africa, the introduction of new technology is the best way. REIPPP successfully attracted to the Spanish Green Energy Corporation, proved that the South African renewable energy potential, but also emphasize the South Africa national infrastructure construction determination, will become South Africa's economic development and increasing employment catalyst.