Project Notice |
|
| PNR | 54837 |
| Project Name | Sonnedix South Africa |
| Project Detail | MIGA has issued guarantees to Okavango Biology Luxembourg S.à r.l. (the “Guarantee Holder”) for up to $18.9 million to cover its equity investments into Mulilo BTE Prieska PV (RF) (Pty) Ltd (“MBP”). MBP is a 75 MW solar power plant in the Northern Cape province of South Africa. MBP is part of Round 3 of the Renewable Energy Independent Power Producer Program (REIPPP) and has been operating since 2016. The Guarantee Holder has acquired MBP Solar Holdings (Pty) Ltd (formerly known as Sonnedix Solar South Africa Holdings (Pty) Ltd) of South Africa, which has a 60 percent ownership interest in MBP. The 15-year guarantees protect BTE Renewables against the risk of breach of contract. Environmental Categorization The project is a categorized as B under MIGA’s Policy on Environmental and Social Sustainability. Click here for the Project’s Environmental and Social Review Summary. |
| Funded By | Multilateral Investment Guarantee Agency (MIGA) |
| Sector | Energy & Power |
| Country | South Africa , All Region |
| Project Value | ZAR 18,900,000 |
Contact Information |
|
| Company Name | Multilateral Investment Guarantee Agency (MIGA) |
| Web Site | https://www.miga.org/project/sonnedix-south-africa-1 |
