Suzlon has said in a Press Release, that it has recieved a contract, which would see them supply 66 S 88 turbines totaling 138.6 MW for the Cookhouse Wind Farm in the Eastern Cape Province of Republic of South Africa under Turnkey EPC contract. As a part of the Deal, Suzlon will also provide Operations and Mainatance.This marks Suzlon's 5th Deal this Year alone, which includes largest wind order obtained by it's Subsidiary REpower's history (link) and the 50MW Wind order in Rajasthan (link).
The Cookhouse Wind Farm is the largest renewable energy project selected during Round One of the Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme. Financial Closure was achieved in late December 2012 with construction commencing in January 2013.
The Cookhouse Wind Farm was developed in partnership with African Clean Energy Developments (ACED), a South African based renewable energy project developer owned jointly by African Infrastructure Investment Managers (a company held by Old Mutual Investment Group - South Africa - and Macquarie Capital) and AFPOC Limited.
Working closely with its appointed Mandated Lead Arrangers, The Standard Bank of South Africa Limited and Nedbank Limited, ACED closed a financing package which notably includes a significant portion of Broad Based Black Economic Empowerment ownership.
Debt Finance will be provided by The Standard Bank of South Africa Limited, Nedbank Limited and Futuregrowth Asset Management Proprietary Limited whilst equity will be provided by AFPOC Limited, African Infrastructure Investment Fund 2 Partnership, African Infrastructure Investment Fund 2 (Mauritius), Apollo Investment Partnership II, Old Mutual Life Assurance Company (South Africa) Limited and the Cookhouse Wind Farm Community Trust.
