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    Dassiesklip Wind Energy Facility

    Klipheuwel-Dassiefontein Wind Energy Facility is located approximately 5 km west of Caledon in the Western Cape Province of the Republic of South Africa.

    The Project, located on an area of approximately 350 hectares (the “Site”), has a nameplate capacity of 27MW, a maximum connection point capacity of 30MW, and will be comprised of 9 wind turbine generators (the “WTG”) manufactured by Sinovel, a Chinese manufacturer, who has manufactured more than 5 600MW of WTGs in operation and is currently the 2nd largest turbine manufacturer in the world and holds a global market share of 11.1%. It is anticipated that the project will reach COD by no later than the end of Q4 2013.

    BTSA, the parent company of BioTherm Energy is a Netherlands-based company, and lead equity sponsor for the Project. BTSA is wholly owned by Denham Commodity Partners Fund V. LP (“DCPFV”), which is advised by Denham Capital Management LP; a global private equity firm focused on energy and commodities, with invested and committed capital in excess of US$7.5 billion. BTSA has partnered with three Broad-Based Black Economic Empowerment Trusts and a group of investors known as Winner’s Circle. Overberg Wind Power , the junior developer is also a shareholder in the Project.

    In addition to the equity funding provided by the Equity sponsors, The Standard Bank of South Africa Limited (“Standard Bank”) and the Industrial Development Corporation (“IDC”), are joint lenders.

    The Facility will be built by a consortium consisting of Group Five Construction (Pty) Ltd (“Group Five”) a South African registered company, Iberdrola Ingeniería Y Construccion S.A. (“Iberdrola”), a Spanish registered company, and Sinovel Wind Group Co. Ltd (“Sinovel”), a Chinese registered company.

    Upon completion of construction, the Facility will be operated and managed by BioTherm Operations and Maintenance (Pty) Ltd (“BioTherm O&M”), a South African registered company that is a subsidiary of BioTherm Energy (Pty) Ltd (“BioTherm”).

    By |2018-09-11T11:16:13+00:00August 29th, 2018|Operating Project|Comments Off on Dassiesklip Wind Energy Facility

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