Initially, the JV will focus on solar photovoltaic (PV) projects in South Africa, with plans to extend this into other technologies and countries in the region later.
The partners are moving forward with the next steps in contract negotiations for utility-scale PV plants, starting at 5 MW capacity, for private and commercial customers as a South African Renewable Energy Independent Power Producer (REIPP).
“Africa suffers from a pronounced lack of access to electricity and poor quality of grid supply, both in terms of cost and in terms of reliability," said Scott McGregor, Camco Clean Energy's CEO. "Not surprisingly, distributed renewable energy is a key element of regional strategies for increasing energy access, improving energy security, and as a consequence, economic development.
"Southern Africa represents significant opportunities for us, given recent policy development and our 20+ year expertise in clean energy generation in Africa," McGregor continued. "The highly qualified team, detailed knowledge of the local solar PV industry and technical project development expertise make MW1 a logical partner for us. Together we will open new opportunities in this dynamic and vibrant market, first in South Africa, and then in the rest of sub-Saharan Africa.”
Yegis Reddy, Managing Director of MW1, said the joint venture, "allows us to offer our clients a comprehensive service for all aspects of renewable energy projects.”
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