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CPV Power Plant No.1 Bond SPV (RF) Limited
South Africa

Business Summary
CPV Power Plant No.1 Bond SPV (RF) Limited is a funding vehicle established to finance a 44 megawatt peak concentrated photovoltaic solar generation project (the "Project") located at the Touwsrivier site, in the Western Cape of South Africa. The Project is being developed under the South African government's Renewable Energy Independent Power Producer (REIPP) programme. Power output will be contracted for 20 years through a Power Purchase Agreement ("PPA") with Eskom Holdings Ltd ("Eskom"), the state-owned incumbent energy utility. The PPA will be supported by the Department of Energy of the Government of South Africa in the event that Eskom does not meet the terms of the PPA. The Project's construction and operation & maintenance will be completed by Group Five Construction (Pty) Ltd, a privately owned contractor based in South Africa.

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Friday, March 8, 2024