PROJECTS

USTDA Grant Application for 75MW Solar Project, South Africa

The problem

South Africa is in the throes of an energy crisis, with sustained power cuts crippling the country’s economy and adversely affecting the population. The national power utility, Eskom, urgently needs to generate more electricity, and amongst other sources is looking at renewable energy solutions.

Pele Green Energy (PGE), South Africa’s largest black-owned and managed independent power producer (IPP), wants to develop a 75MW solar photovoltaic power plant to enter a power purchase agreement with Eskom. The company needed to secure $1.1 million to finance a technical, financial and economic feasibility study of the project.

How we helped

Castalia applied to the U.S. Trade and Development Agency for a $1.1 million project development grant, which USTDA approved and awarded to PGE. We assembled a team of engineering and legal experts to advise on the technical, financial and commercial aspects of the project, and as the financial advisors for the project, Castalia will raise $80 million in financing to build the power plant.

Impact

The successful grant application has ensured that PGE can finance the development of the Grootpoort project, a 75MW solar photovoltaic power plant in the Free State. This project will provide hundreds of jobs during construction and will provide clean solar energy to South Africa, positively affecting economic productivity.

The client

Pele Green Energy

Our team

David Ehrhardt

David Ehrhardt

Chief Executive

How can we help you?

How can we help you?

WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

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WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America

SYDNEY
+61 (2) 9231 6862
Level 1 Kyle House, 27-31 Macquarie Place
Australia

AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand

WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand

PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France

BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia

Thinking for a better world.

Castalia-logo-negative-2col
PROJECTS          NEWS         CONTACT
© Copyright 2019 Castalia. All rights reserved.
Terms | Privacy | Credits | Sitemap