Mainstream wind, solar projects worth R5bn advance to next stage

A consortium led by global renewable energy developer Mainstream Renewable Power reports that South Africa’s Department of Energy (DoE) has named three of its wind and solar projects, representing a combined capacity of 230 MW, among the initial 28 to have progressed to the preferred-bidder stage.

The projects, which represent a likely investment of R5-billion are expected to reach financial close by June 2012, with construction to begin shortly thereafter.

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