BESS project financing options in South Africa 2030

Who is Bess construction in South Africa?

This company has recently left a mark in South Africa after being involved with the Mogobe BESS Construction in the country. Their main aim is to contribute to the global transition to renewable energy by providing sustainable and affordable energy solutions. For this reason, they are the primary contractor for 103MW BESS project in South Africa.

How much does Scatec's Mogobe Bess project cost?

The remaining cost of about US$16 Million coming from equity from the project owners’ direct investments. “This is a big achievement for Scatec in South Africa and also for the country by using renewable energy. The Mogobe BESS project is the first in a line of many projects to come of this kind in the country.

Will South Africa's Red Sands project boost energy security & grid stability?

This pivotal development marks a significant step forward in bolstering South Africa’s energy security and grid stability. Located near Upington in the Northern Cape, the Red Sands project was a preferred bidder in 2024’s inaugural BESS public procurement bidding round.

What is the Mogobe Bess project?

The Mogobe BESS project builds on Scatec’s previous successes, including hybrid solar and battery storage projects at Kenhardt. It represents one of Africa’s first and largest standalone dispatchable BESS systems, strategically located near high power demand centres.

What does Bess stand for?

The Mogobe BESS project has secured a 15-year power purchase agreement (PPA) with the National Transmission Company of South Africa. Under the agreement, Scatec will receive payments for making the storage capacity available, which will be used to balance the national grid. Battery energy storage systems (BESS). Picture: Supplied

What does the Red Sands project mean for South Africa?

The Red Sands project contributes significantly to South Africa’s broader BESS strategy. To date, the country has successfully procured a total of 1,744 MW/ 6,979 MWh of BESS capacity across three public procurement bid windows, aligning with the 2019 edition of the Integrated Resource Plan to diversify and strengthen its energy mix.