Enel Green Power has been awarded two Solar PV projects and has the lowest tariff among the winners.
The sixth round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP Bid Window 6) is the second bid window to be procured and aligned to the Integrated Resource Plan of 2019 (IRP 2019). The auctions for REIPPPP Bid Window 6 were held on 3rd October’22, and ~4.2 GW of capacity was auctioned, making up to 3,200MW wind energy resources and 1,000MW solar photovoltaic energy resources. The bidders bid on ~56 projects offering a total of ~9.6 GW of capacity.
A total of 5 Solar PV projects with a total capacity of 860 MW were awarded. Enel Green Power was awarded two projects (150 MW each, totaling 300 MW): Kutlwano Solar Plant and Boitumelo Solar Plant, both in the Northwest Province.
Synergy provided financial advisory services to Enel Green Power, including the preparation of financial models, debt and tariff optimizations, and preparation of the final bid package for submission.