UK company Globeleq, the leading independent power company in Africa, today announced that its Red Sands project won ...
, yesterday announced that its Red Sands project in the Northern Cape has been awarded Preferred Bidder status in South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme . Globeleq is majority-owned by British International Investment , the Development Finance Institution of the UK Government.and worldwide as a means of resolving energy crises and tackling climate change.
Experts say that widespread energy storage is vital to expanding the reach of renewables and speeding the transition to a carbon-free power grid — this is key to helping reduce South Africa’s reliance on fossil fuels as it seeks to transition to clean energy. This R5.
Working closely with leading global battery and balance-of-plant suppliers, Globeleq estimates that the project will require an investment of approximatelyand will take 24 months to construct after financial close, which is expected in 2024., and is developing BESS projects across the African continent.
Press releases about cleantech products, cleantech companies, or other cleantech news. Some of these may be underwritten by the companies. For more information, or to get your press release into our Newswire Corner, go to
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Disneyland plans to build one of the world’s largest parking garages — againThe proposed Eastside garage would accommodate 17,600 vehicles, placing it among the world’s biggest parking structures.
Lire la suite »
His job: Build the largest new reservoir in California in 50 years$4.5 billion Sites project would be eighth largest reservoir in California, with groundbreaking planned for 2026
Lire la suite »
Taps have run dry across South Africa's largest city in an unprecedented water crisisThousands of South Africans are lining up for water as the country’s largest city, Johannesburg, confronts an unprecedented collapse of its water system affecting millions of people.
Lire la suite »
Taps have run dry across South Africa's largest city in an unprecedented water crisisThousands of South Africans are lining up for water as the country’s largest city, Johannesburg, confronts an unprecedented collapse of its water system affecting millions of people. Residents rich and poor have never seen a shortage of this severity.
Lire la suite »
Taps have run dry across South Africa's largest city in an unprecedented water crisisThousands of South Africans are lining up for water as the country’s largest city, Johannesburg, confronts an unprecedented collapse of its water system affecting millions of people.
Lire la suite »
Taps have run dry across South Africa's largest city in an unprecedented water crisisThousands of South Africans are lining up for water as the country’s largest city, Johannesburg, confronts an unprecedented collapse of its water system affecting millions of people.
Lire la suite »