ENERGY STORAGE

Globeleq’s 612MWh storage project awarded preferred bidder status by South African government

April 8, 2024

Independent power company Globeleq’s 153 MW / 612 MWh Red Sands project in the Northern Cape has been awarded preferred bidder status in South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP).

The US$300 million (ZAR5.7 billion) Red Sands project is located about 100 kilometres southeast of Upington, and will be the “largest standalone battery energy storage system in Africa”, a Globeleq statement said. The project was originally developed by African Green Ventures (AGV), the South African development arm of Magnora ASA, a Norwegian company listed on the Oslo Stock Exchange.

The project will take up approximately 5 hectares (12 acres) and will connect to the grid through the Eskom Garona substation. The substation will be upgraded by the Red Sands project to ensure that “full network support capabilities of the project’s batteries can be utilised,” the statement added.

The project will take 24 months to construct after financial close which is expected later this year.

Mike Scholey, Globeleq’s CEO, said: “We look forward to working with the Government to take Red Sands to financial close and into operations. Electricity storage is going to be key not only in helping South Africa meet its considerable industrial and domestic demand for energy but also in meeting growing demand right across Africa as more and more renewable energy projects benefit from the advances our industry has made with battery storage technology.”