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Teraco has noted that the grid capacity allocation from Eskom will enable the connection of its proposed 120MW solar facility to the national electrical grid. The electricity generated will then be distributed across Eskom and municipal power networks to Teraco’s facilities nationwide.
The 120MW solar PV plant, according to Teraco, is anticipated to generate over 338,000MWh annually once fully operational.
As Eskom, the state-owned entity responsible for about 95% of South Africa’s electricity derived from coal-fired power stations, continues to grapple with energy provision, local companies are increasingly exploring alternative energy sources.
The prevalence of Eskom’s load shedding in recent years has significantly disrupted business operations and the broader Southern African economy. Consequently, mining and telecom firms are opting to distance themselves from Eskom’s financial woes to mitigate the adverse effects of load shedding.
CEO Hnizdo has emphasized that the grid capacity allocation marks a crucial milestone towards the realization of the company’s renewable energy objectives and meeting customer demands. He further noted that Teraco has been diligently pursuing these approvals for several years, with the current focus being on swift execution.
Teraco has partnered with Juwi Renewable Energies South Africa and Subsolar to develop the 120MW solar PV plan. Juwi Renewable Energies South Africa is tasked with design, procurement, construction, and commissioning, while Subsolar oversees installation.
The financing for the project has been secured through a green loan, as per the company’s announcement.
Source: Techpoint