Department of Mineral Resources and Energy
Timelines for the commercial close of the Renewable Energy Independent Power Producer Procurement Programme Bid Window 5 (REIPPPP BW5) have been revised.
In a statement, the mineral resources and energy department confirmed that commercial close timelines for the 25 preferred bidders announced under REIPPPP BW5 will be undertaken in a phased approach with all projects expected to sign project agreements by no later than the end of September 2022.
The revised timelines follow confirmed timelines from Eskom to issue budget quotes to all preferred bidders.
The budget quotes are required in order to “finalize costing and commercial operation timelines, all of which is necessary to be incorporated into the final Project Agreements and preparations for Commercial Close”.
The 25 preferred bidders were announced on 28 October 2021.
They will contribute a total capacity of 2 583 MW, consisting of 1 608 MW from Wind and 975 MW from Solar PV.