UAE renewables company Amea Power signed a 20-year Power Purchase Agreement (PPA) with South Africa’s Eskom for a 120 MW Doornhoek solar energy plant, according to a statement. The USD 120 mn solar plant will generate over 325 GWh of clean energy, offsetting 290k tons of CO2 emissions annually, and powering 25k homes.

The details: Amea holds the majority of the project's shares, on which it partnered with Ziyanda Energy and Dzimuzwo Energy, the statement notes. The project will be financed through debt funding from Standard Bank South Africa and equity funding from the Industrial Development Corporation.

In the works for a while: Amea Power was awarded the 120 MW project in 2022 with construction set to begin mid-2023. The company had secured sites for building more renewable energy projects with a total capacity of 1 GW in South Africa.

The company’s African portfolio is booming: Amea Power signed agreements with the governments of Uganda, Djibouti, Mozambique and Zimbabwe to develop renewables projects with a combined 200 MW generation capacity at COP28. It also signed an agreement with Ethiopia’s Finance Ministry to build a USD 600 mn, 300 MW onshore wind power plant in the country. The UAE firm is also reportedly set to sign a USD 800mn agreement with Geothermal Development Co. of Kenya to develop the 200 MW Baka geothermal energy generation plant in the African country.

And there’s more in the pipeline: The company completed a 33/220kV substation building structure at its 500 MW Abydos solar plant in Egypt last month. The solar plant — which secured funding in December 2022 — is scheduled to be completed in the middle of this year, and is being constructed under a build-own-operate framework.

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