Energy & Natural Resources
The launch of the RFP for bid window 5 has been long awaited by the South African Renewable Energy market and is an exciting and much welcome development.
On 18 March 2021, Minister Gwede Mantashe announced that the Request for Proposals ("RFP") for the fifth bid window under the Renewable Energy Power Producer Programme ("REIPPP") would be released on 19 March 2021. In addition, it was announced that the Government intends to release 4 more RFPs within the next 12 months - which will include 2600 MW from renewable energy.
8 preferred bidders were, furthermore, announced in relation to the Risk Mitigation IPP Procurement Programme - whereby the Government intends to procure 2000 MW to meet the immediate electricity supply gap. The preferred bidders are required to reach financial close by no later than 31 July 2021.
The Independent Power Producer office (as established by the Department of Mineral Resources and Energy; the National Treasury and the Development Bank of South Africa) ("the IPP Office"), made a similar announcement confirming, amongst other things that:
Members of the Clyde & Co team in South Africa have been extensively involved in advising private sector entities within the renewable energy sector (comprising of equity investors, the special purpose project vehicle, lenders and contractors) in the previous rounds of the REIPPP.
Please contact Ernie van der Vyver or Hielien Venter if you have any questions or require legal advice in relation to the requirements of the RFP; the structuring of bids in response to the RFP; engaging with applicable stakeholders (such as contractors, landowners, lenders and/or equity participants), performing due diligence investigations and for any other related queries.
The closing date for bid submission is 4 August 2021.
The full statement from the IPP office can be viewed here.
The announcement from Minister Gwede Mantashe can be accessed here.