South Africa Wind farm

Ireland’s Mainstream Renewable Power and South Africa-based Genesis Eco-Energy have announced plans to develop 18 wind farms in South Africa by 2014, adding 500 megawatts of electricity to the national grid. Each project will have an electricity capacity range between 30MW and 150MW. Mainstream and Genesis are to contribute between 30% and 40% of the equity, with the rest debt-funded on a project-by-project basis. Total projected investment is said to be about $420m.

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