ENGIE successfully acquires BTE Renewables
ENGIE is pleased to confirm that it has successfully acquired BTE Renewables in South Africa. The transaction, announced in June 2023, reached Financial close on 13 December 2023, bringing an additional 340 MW net of renewable operating assets and a portfolio of more than 3 GW of advanced development projects into ENGIE.
This follows the successful financial close of two solar photovoltaic plants of Grootspruit and Graspan, announced just last week.
The acquisition of BTE renewables concludes a transformative year for ENGIE in South Africa, doubling the organization’s installed renewables capacity, its number of operating assets, development pipeline and number of employees. With this transaction concluded, ENGIE with the inclusion of BTE will now operate 1.6 GW of assets in South Africa.
Mohamed Hoosen, ENGIE South Africa CEO and Managing Director, Renewables for Asia, Middle East & Africa, expressed the strategic significance of this accomplishment: “Integrating BTE Renewables into our operations significantly boosts our renewables portfolio and pipeline which reinforces our dedication to accelerating South Africa’s energy transition. It also illustrates ENGIE’s commitment to South Africa, where we have been present for over 15 years. We will continue to invest in energy infrastructure and projects to contribute to a more secure energy landscape for the country.”
Robert Skjodt, CEO of BTE Renewables, shared his enthusiasm: “Becoming a part of the ENGIE Group marks a new era for us at BTE Renewables. Our commitment to renewable energy and sustainable practices aligns seamlessly with ENGIE’s ethos. We are excited to bring our expertise to the ENGIE team.”
At present, ENGIE owns, operates and maintains two Concentrated Solar Power (CSP) Plants, namely Xina Solar One (100 MW) in Pofadder and Kathu Solar Park (100 MW) in Kathu. In addition, ENGIE also owns and operates an onshore wind farm West Coast 1 (94 MW), two solar photovoltaic plants Aurora and Vredendal (21 MW) and two thermal peaking power plants (670 MW Avon and 335 MW Dedisa). The company is working towards reaching financial close on the OYA Hybrid project – expected early in 2024.
BTE Renewables is adding two onshore wind farms, Excelsior Wind (32 MW) in Swellendam and Golden Valley Wind (120 MW) near Bedford, and three solar PV plants: Aggeneys Solar PV (46 MW) in Aggeneys, Konkoonsies II Solar PV (86 MW) in Pofadder, and MBP Solar PV (86 MW) in Prieska, to the ENGIE operations in South Africa.
