The 40 MW Linde project is located near Hanoverin in the Northern Cape region and will produce in excess of 90 million kWh annually in order to cover the electricity needs of around 20,000 households. The PV plant has been installed with a single axis solar tracker system and the power will be fed into the local grid and sold through a 20-year Power Purchase Agreement with the national utility company, Eskom.
The capital investment for the project was in the range of ZAR 1,100 million and has been financed through Standard Bank of South Africa. The equity has been brought by Scatec Solar, Standard Bank of South Africa, Norfund, Old Mutual Life Assurance Company, and Simacel.
VERD Q.I. has participated as the Technical Adviser of the equity partners and has advised them on the structuring of the EPC and O&M agreements and the execution of the project with Scatec Solar.