{"id":83957,"date":"2024-05-02T00:00:00","date_gmt":"2024-05-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/05\/02\/uaes-amea-power-signs-ppa-with-south-africas-eskom-for-120-mw-solar-farm\/"},"modified":"2024-05-02T00:00:00","modified_gmt":"2024-05-02T00:00:00","slug":"uaes-amea-power-signs-ppa-with-south-africas-eskom-for-120-mw-solar-farm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/05\/02\/uaes-amea-power-signs-ppa-with-south-africas-eskom-for-120-mw-solar-farm\/","title":{"rendered":"UAE\u2019s Amea Power signs PPA with South Africa\u2019s Eskom for 120 MW solar farm"},"content":{"rendered":"

UAE renewables company Amea Power signed a 20-year Power Purchase Agreement <\/strong>(PPA) with South Africa\u2019s <\/strong>Eskom<\/a><\/strong> for a 120 MW Doornhoek solar energy plant<\/strong>, according to a statement<\/a>. 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.<\/p>\n

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

In the works for a while: <\/strong>Amea Power was awarded the 120 MW project<\/a> 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.<\/p>\n

The company\u2019s African portfolio is booming:<\/strong> Amea Power signed agreements with the governments of Uganda, Djibouti, Mozambique and Zimbabwe to develop renewables projects with a combined 200 MW generation capacity<\/a> at COP28. It also signed an agreement with Ethiopia\u2019s 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 800<\/a>mn agreement<\/a> with Geothermal Development Co. of Kenya to develop the 200 MW Baka geothermal energy generation plant in the African country.<\/p>\n

And there\u2019s more in the pipeline: <\/strong>The company completed a 33\/220kV substation building structure at its 500 MW Abydos solar plant<\/a> in Egypt last month. The solar plant \u2014 which secured funding in December 2022 \u2014 is scheduled to be completed in the middle of this year, and is being constructed under a build-own-operate framework.<\/p>\n","protected":false},"excerpt":{"rendered":"

The USD 120 mn solar plant will generate over 325 GWh of clean energy annually<\/p>\n","protected":false},"author":1,"featured_media":83958,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[244,11,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-amea-power","tag-enterpriseclimate","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"09d18009-0f3b-4832-8c55-688201490a15","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/85.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE\u2019s Amea Power signs PPA with South Africa\u2019s Eskom for 120 MW solar farm","related_issue":[83945],"teaser":"The USD 120 mn solar plant will generate over 325 GWh of clean energy annually","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.39e7cc37-1e19-4e55-bf08-fb77b20f3b40.mp3"},"yoast_head":"\nUAE\u2019s Amea Power signs PPA with South Africa\u2019s Eskom for 120 MW solar farm - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/02\/uaes-amea-power-signs-ppa-with-south-africas-eskom-for-120-mw-solar-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE\u2019s Amea Power signs PPA with South Africa\u2019s Eskom for 120 MW solar farm\" \/>\n<meta property=\"og:description\" content=\"The USD 120 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