SUBSCRIBE
PROFILE

AMEA Power expands into South Africa with GreenCo

AMEA Power is committed to South Africa's energy transition by signing an agreement to build an 85 MW solar photovoltaic power plant, financed by Standard Bank. The initiative is part of the country's plans to increase its share of renewable energy and reduce its carbon emissions.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

SUBSCRIBE

Renewable energy company AMEA Power announced that it has signed a 25-year power purchase agreement with GreenCo Power Services (Pty) Limited for power generation from its 85 MW solar photovoltaic plant. The construction of the project will be financed by Standard Bank of South Africa.

Produce 220 GWh each year

South Africa’s Minister of Industry, Ebrahim Patel, and the UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, attended the signing of the agreement. Located in the North West Province of South Africa, the solar power plant is expected to be operational in 2025 and produce approximately 220 GWh of clean energy annually.

AMEA Power, in collaboration with GreenCo and Standard Bank, wants to develop a rapid energy transition model to boost renewable energy production in South Africa. To support its growth in the country, AMEA Power has opened a new office in Johannesburg that will focus on business development and project execution throughout the country.

South Africa seeks to diversify its energy mix

The company has also secured sites for over 1 GW of renewable energy projects in South Africa. South Africa’s long-term strategy is to increase the share of renewable energy in its energy mix from 11% to 41% by 2030 and to deactivate between 8 and 12 GW of coal-fired power plants over the next decade.

AMEA Power is committed to the global energy transition with a clean energy project pipeline of more than 6 GW in 16 countries, including wind, solar, energy storage and green hydrogen.

  • Popular on energynews.pro
Oklo selected for three pilot projects by U.S. Department of Energy
OT Cyberattacks: Energy Sector Faces $329 Billion in Risks
Eleven US companies selected to fast-track small nuclear reactor testing
Eco Wave Power completes installation of pilot project at the Port of Los Angeles
Shanghai Electric commissions Manah-1 solar plant in Oman with 500 MW
Vanda RE negotiates power purchase contracts in Singapore for Indonesian solar project
Vanda RE is in talks with potential buyers in Singapore for electricity from a $3 billion solar and storage project in Indonesia’s Riau Islands.
Rezolv Energy secures 731MW in Romania’s public-backed renewables auction
Rezolv Energy won three contracts for difference totalling 731MW in Romania’s second auction, supported by public financing mechanisms for renewable energy.
Gentari launches 243 MW solar and storage hybrid project in New South Wales
Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.
Casa dos Ventos orders 1.5 GW of solar trackers from Nextracker in Brazil
Casa dos Ventos has chosen Nextracker to equip four solar and hybrid projects totalling 1.5 GW, marking its first large-scale entry into the solar sector in Brazil.
Melvan secures €4.26mn for three photovoltaic projects in France
Melvan obtains €4.26mn in bank financing to develop three solar power plants totalling 3.9 MWp, with construction scheduled to start in the second half of 2025.
Arevon launches $2 bn Eland solar complex to strengthen Los Angeles’ grid
Arevon’s Eland Solar-plus-Storage project, with a capacity of 758 megawatts and integrated storage, enters full operation in California after two phases and more than $2 bn in investment.
5N Plus expands its contract with First Solar to strengthen the supply of critical materials
5N Plus announces the extension of its supply agreement with First Solar, including a 33% increase in cadmium telluride volumes by 2026 and the delivery of new essential materials for photovoltaic production.
Scatec secures $27mn financing for a 142 MW solar power plant in Brazil
Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.
Fortistar and Epic Star Energy complete acquisition of solar portfolio in Hawaii
Fortistar and Epic Star Energy take control of a group of strategic renewable assets, including a solar power plant in Kauai, marking a major milestone for Hawaii's energy development.
Wood Mackenzie forecasts a 46% decline in US residential solar by 2030
According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.
Audax Renovables invests EUR17mn in a 21.88 MWp photovoltaic plant in Spain
Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.
Solarcentury launches the first 25 MWp tranche of the Mailo solar plant in Zambia
Solarcentury commissions 25 MWp at Mailo, Zambia, connecting for the first time a merchant solar plant to the Southern African Power Pool and begins construction of the next phase.
Mergence invests $3.3mn to support Solarise Africa’s solar growth
Solarise Africa secures $3.3mn in financing from Mergence Investment Managers to accelerate the deployment of solar systems for the commercial and industrial sector in Africa.
First Solar raises annual outlook after new import tariffs
First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
GoldenPeaks Capital connects two major solar power plants to the Hungarian grid in 2025
GoldenPeaks Capital commissions two large-scale photovoltaic plants in Hungary, strengthening the integration of independent solar generation and the electricity supply on the national market.
Emerge signs 20-year solar agreement with Misk City to power an innovative urban model
Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.
SANY launches 10 MW solar project in Zimbabwe with unique EP+F model
SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.
Stem optimises the integration of the 57 MW Camino solar project in California with its automation technology
Stem deploys a grid optimisation solution for the Camino solar site, with a capacity of 57 MW, in California, meeting IEEE 2800 standards and targeting operational reliability and market performance.
Green Hybrid Power launches billion-dollar floating solar project on Lake Kariba
Green Hybrid Power secures initial $4.4mn financing to launch a 1 GW floating solar power plant in Zimbabwe, aiming to supply 500 MW to industry under a twenty-year contract.
Loblaw launches Canada’s largest rooftop solar system for its logistics centre
Loblaw Group will deploy a 7.5 MW photovoltaic installation on the roof of its East Gwillimbury distribution centre, generating up to 25% of the site’s annual electricity and marking a new step for the Canadian logistics sector.
Consent Preferences