Supplied
An agreement has been concluded between two green energy companies that they say will bring a significant economic boost to both the Eastern and Western Cape provinces.
Hive Hydrogen South Africa signed the deal with Genesis Eco-Energy to implement 372MW of wind power in the Western Cape, to support the development of its Green Ammonia project at the Coega Special Economic Zone.
Hive Hydrogen says its R105bn green ammonia hub, a flagship investment project in South Africa, will bring a significant economic boost to the country and critically for the two provinces.
According to a statement, a total of 3,480MW's of power will be generated to supply the plant and will bring much needed investment to the transmission network.
The project development will also enable other IPPs in the Beaufort West region to connect their power generation assets to the grid which will reduce load shedding.
"The Hive Green Ammonia project will incorporate our large-scale wind farms to deliver significant benefits to the Eastern Cape province, creating large numbers of jobs in a struggling economy.
“We are thrilled to be part of delivering this energy solution." said Genesis MD, Davin Chown.
The CEO of Hive Energy Africa, Colin Loubser, said they have been working with Genesis on the two projects for over a year.
He said they were “delighted” to have finalised the implementation terms with Genesis to secure a meaningful supply of power for the project.
“We will continue working with Genesis to secure additional power for the Coega Green Ammonia project which, once the first phase is built, will require three further phases to supply power."
In our recent blog post, we will explore the transformative impact of renewable energy and its potential to shape a more sustainable and prosperous world.
— Hive Energy (@hiveenergy) February 21, 2024
Read the blog here: https://t.co/5B21YPYddn
