- Published: 01 April 2009 01 April 2009
Mainstream Renewable Power has announced the signing of a joint venture deal with South African wind farm developer, Genesis Eco-Energy, to build an initial pipeline of over 500MW of wind energy in the Eastern, Northern and Western Capes by 2014.
The joint venture company plans to have two projects, with a combined capacity of 70MW, ready for construction early next year. The deal involves a € 850 million capital expenditure over a five year period. The 30MW Jeffrey's Bay wind farm, near Port Elizabeth and a 40MW project at Colesberg are both at advanced development stages and are expected to be fully operational early in 2011.