The company expects to finish the entire 44MW plant in the near future. Currently, the company has installed more than 60% of the power plant, which uses Soitec’s Concentrix CPV technology.
The Touwsrivier solar power plant has fulfilled milestones set for commissioning 50% of the total capacity.
According to Soitec, the event confirms that the plant performs in accordance with contractual specifications and validates the power purchase agreements applied to the solar plant.
The commissioning also triggers refinancing of the project by making available proceeds from bonds issued on the Johannesburg stock exchange in April 2013.
Soitec said that Touwsrivier is a major CPV plant in Africa.
Most recently, the Department of Energy in South Africa issued a preliminary approval to a refinancing scheme for Soitec’s equity position in the 44MWp Touwsrivier solar project.
Image: Soitec announces commissioning of 22MWp solar plant in Touwsrivier. Photo: Courtesy of Witthaya Phonsawat/ FreeDigitalPhotos.net.
