Mainstream Named Preferred Bidder for $470 Million of Wind Farms

(Bloomberg) — South Africa named a group led by Dublin-based Mainstream Renewable Power Ltd. as the preferred bidder to
build two wind farms costing 420 million euros ($470 million).

A 140 megawatt project will be built in the Northern Cape
and a 110 megawatt plant in the Western Cape, the company said
in an e-mailed statement.

“The cost of these projects is now cheaper than new coal-fired generation,” Barry Lynch, managing director of onshore
procurement, construction and operations, said in the statement.
“They can be brought into commercial operation at the speed
required” and meet the scale to feed growing demand, he said.

Mainstream won development rights under the fourth round of
the government’s Renewable Energy Procurement Programme, which
has supported about 5,243 megawatts of capacity since 2011.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Amanda Jordan

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