June 2021 – H1 Holdings and Scatec awarded 3 new solar and storage projects
H1 Holdings is a proud 49% shareholder in three utility-scale solar hybrid storage projects, awarded Preferred Bidder status under the recent Risk Mitigation Power Procurement Programme. The projects will deliver 150MW contracted capacity. The three Scatec plants, known as Kenhardt 1, 2 and 3, will be built in the Northern Cape. The projects will generate 150MW of dispatchable power, with 225MW/1,140MWh of battery storage. Collectively the three projects will provide power from 05:00 in the morning until 21:30 at night, delivering much-needed electricity to the South African economy. The projects are the only exclusively renewable energy projects awarded in the emergency procurement round. Potentially one of the largest single site solar and storage hybrids in the world, the projects have an estimated capex of USD 1 billion. Financial close is expected later in 2021 with grid connection by the end of 2022.
Read more here and listen to a Moneyweb podcast interviewing H1 Holdings CEO Reyburn Hendricks. Watch the SABC News interview with Reyburn Hendricks. Listen to a SAFM interview with Scatec South Africa CEO Jan Fourie here.
March 2021 – Kruisvallei Hydro reaches COD
H1 Holdings celebrates the inauguration of its second hydroelectric power plant, Kruisvallei Hydro. H1 Holdings is a 46.5% shareholder in the unique run-of-river hydro plant in the Free State province. Kruisvallei Hydro is a Red Rocket project which received financing from the Facility for Investments in Renewable Small Transactions (FIRST) fund and the UK Green Investment Group. Read the Red Rocket press release here. Read more about our partnership with the Green Investment Group and UK Climate Investments here.
Kruisvallei Hydro, along with two other Round 4 projects, Kangnas Wind and Perdekraal East Wind, have created around 385 jobs during construction phase and are expected to provide a further 195 jobs over the projects’ 20-year production periods. The Green Investment Group has invested in all three projects.
November 2020 – Perdekraal East & Kangnas Wind
In October 2020, Perdekraal East became the first wind farm from the REIPPPP Bid Window 4 to reach commercial operation. The 100MW wind farm is near Ceres in the Western Cape. The 140MW Kangnas Wind project reached COD in November 2020, the first wind farm in the Northern Cape to come online under Bid Window 4. Kangnas is near Springbok in the Northern Cape and was built by an 87% South African workforce.
More than 48% of both wind farm’s content was manufactured in South Africa, including the turbine towers and the 500MVA mega transformers. H1 Holdings has 11% shareholding in the two successful wind projects.
Watch the last lift of Kangnas here: 81 turbines in 8 months
April 2020 – 258MW solar PV park in Upington completed
We are pleased to announce that Dyason’s Klip 2, the third and final project of a 258 MW Solar PV Park, reached COD in April 2020. The three projects which make up the Solar PV Park are Sirius Solar, Dyason’s Klip 1 and Dyason’s Klip 2. On an annual basis the solar park is expected to produce 650GWh of electricity and offset 550 000 tonnes of CO2 emissions. Read more on the Scatec Solar news post here.
February 2020 – Two R4 solar facilities reach COD
H1 Holdings is a shareholder in 7 REIPPP R4 projects. The first 2 of these 7 projects have reached COD. On the 18th of February 2020, the Scatec Solar ASA Sirius Solar 86MW facility reached commercial operation and is officially feeding power to the Eskom grid. On the 25th of February, the Dyasons Klip 1 86MW solar facility reached early COD. Dyason’s Klip 1 will be earning 60% of the tariff until the scheduled commercial operation date which was expected in mid-March. The three Scatec solar facilities are near Upington in the Northern Cape. The third plant, Dyasons Klip 2, is expected to reach commercial operation within the next few months. H1 Holdings has 35% shareholding in all three projects, which together will generate 276MW at peak output. On an annual basis the three plants are set to produce 650GWh of electricity and offset 550 000 tonnes of CO2 emissions. H1 Holdings is proud to be adding an extra 172MW to the Eskom grid along with its project partners Scatec Solar ASA and Norfund. Read the Scatec news announcements on Sirius and Dyasons Klip 1.
December 2019 – IPP panel on 567 Cape Talk
CEO and Director at H1 Holdings, Reyburn Hendricks, formed part of an independent power producer (IPP) panel interviewed on the Refilwe Moloto show, broadcast on 567 Cape Talk. Listen to the podcast here: 567 Cape Talk Podcast
The IPP forum also featured Mark Tanton from the South African Wind Energy Association and Vuyo Ntoi from the South African Photovoltaic Industry Association. The panel discussed the solution offered by independent power producers, who are set to add 2 300MW to Eskom’s struggling grid. The panel also spoke about the new Integrated Resources Plan, recently adopted by cabinet. 27 new IPPs will come online in the next two years under Round 4 of the REIPPP. 2300MW will be enough power to avoid Stage 2 load shedding. H1 Holdings is a shareholder in 9 independent power projects, set to generate over 622MW.
August 2019 – UKCI invests R253 million in partnership with H1 Holdings
The UK Climate Investments Impact fund (UKCI) has partnered with H1 Holdings to invest R253 million in three Round 4 projects, with a total capacity of 254MW. The projects are the 140MW Kangnas Wind farm, the 110MW Perdekraal East Wind farm and the 4MW Kruisvallei Hydro project.
UKCI is a joint venture between the Green Investment Group and the UK Government’s Department for Business, Energy and Industrial Strategy. UKCI forms part of the UK aid funded International Climate Finance and is managed by the Macquarie Green Investment Group.
The finance is for investment in projects that are being developed by Mainstream Renewable Power and Building Energy. H1 Holdings is a Black Economic Empowerment shareholder in the three projects, which are expected to be completed by the end of 2020. They will provide clean electricity to power up to 200,000 homes each year. During their lifetime, the projects will offset approximately 844,000 tonnes of greenhouse gas emissions per year.
The innovative funding mechanism was developed in close consultation with H1 Holdings and is designed to support Black Economic Empowerment entities in South Africa. The investment is part of a £200 million pilot programme mandated to invest in sub-Saharan Africa and India. Read the full release here.
April 2019 – H1 Holdings features in the IJGlobal league tables
IJGlobal is an online database of infrastructure and project finance transactions and assets. At the end of 2018, IJGlobal issued their IJGlobal Infrastructure Finance league table report for the first half of 2018.
Two of the portfolios in which H1 Holdings is a shareholder were ranked in the Sub-Saharan Top 5 deals. These deals were the Kangnas Wind Farm (140MW) and Perdekraal East Wind Farm (110MW) in fourth place and the Scatec Solar South African Solar PV Portfolio (258MW) in fifth place.
H1 Holdings is also listed under the Sub-Saharan Africa Infrastructure Finance section as a leading Sponsor, ranked alongside partners Building Energy and Mainstream Renewable Power.
The full report can be downloaded via this linkH1 2018 League Tables Report
December 2018 – H1 and Scatec Solar partner on three new solar plants
H1 Holdings is a 35% shareholder in three new utility-scale solar PV projects near Upington in the Northern Cape. These plants, Dyasons Klip 1, Dyasons Klip 2 and Sirius Solar, (75MW each) will generate a total of 258MW at peak output.
The projects were contracted to Scatec Solar ASA by the Department of Energy in April 2018 under Round 4 of the REIPPP. The three plants are under construction and commercial operations is scheduled for the first and second quarters of 2020. On an annual basis the three plants are set to produce 650GWh of electricity and offset 550 000 tonnes of CO2 emissions. The three projects will bring much needed job creation to the Northern Cape.
August 2018 – Kangnas Wind Supports Research on Red Lark
H1 Holdings is a shareholder in the 140MW Kangnas Wind farm in the Northern Cape. This project has assisted in funding a vital BirdLife SA and FitzPatrick Institute of African Ornithology study into the rare red lark. The red lark is a species only found in the Northern Cape. The funding will support an expert-led research project to conserve, protect and better understand the vulnerable species. Read more: Kangnas Wind Cape Times
June 2018 – Financial Close Reached on 140MW Kangnas Wind & 110MW Perdekraal East Wind Farms
H1 Holdings is a 11.25% shareholder in two new utility-scale wind projects – Kangnas Wind and Perdekraal East Wind. Our co-shareholders in these projects are Mainstream Renewable Power, African Rainbow Energy and Power, Lekela and Old Mutual.
These projects were contracted in April 2018 by the Department of Energy under Round 4 of the REIPPP and financial close was achieved in June 2018. The 140MW Kangnas Wind Farm will be built near Springbok in the Northern Cape and the 110MW Perdekraal East Wind Farm will be built near 80km northeast of Ceres in the Western Cape. The total investment value of the two projects total R6.6 billion.
Kangnas Wind Power and Perdekraal East Wind Power will begin construction in 2018 and are set to operate from 2020, bringing significant job creation to the remote areas. In addition, the projects have committed R1.1 billion to community investment over the 20 years of operation. It is expected that these projects will assist in reducing South Africa’s carbon footprint. Kangnas Wind and Perdekraal Wind will have economic benefits as a result of job creation and “value for money” in terms of the cost of the electricity generated by the wind farm.
April 2018 – 147MW Roggeveld Wind Project Reaches Financial Close
H1 Holdings is a 23.25% shareholder in the 147MW Roggeveld Wind Power project, together with our partners Building Energy, the PIC and the project’s community trust.
This project was awarded preferred bidder status in April 2015. The Power Purchase Agreement and related contracts were signed on the 4th April 2018, and financial close was reached later in the month. The achievement of financial close means that the construction phase has begun. The Roggeveld Wind Project is in the Laingsburg area, straddling the provincial border of the Northern and Western Cape. This is a large project with expected capital expenditure in excess of R3 billion.
When the project is completed in 2021, it will generate approximately 613 GWh of electricity per year. This meets the energy needs of roughly 49 200 South African households every year while offsetting the emission of about 502 900 tonnes of carbon annually. In addition to providing cleaner energy, this project will have a positive economic impact, in terms of a lower electricity tariff relative to Eskom’s generation cost as well as on job creation. 5300 new jobs will be created and a further 7920 long-term jobs will be created. We are proud to be long term partners in this project and look forward to the next phase of this project.
The photo was taken at the signing ceremony on the 4th April 2018 and features H1 Holdings directors, Reyburn Hendricks and Lionel Jacobs, along with Jeff Radebe (Minister of Energy) and members of the IPP office.
March 2018 – Eternity Power registered as a CDM
H1 Holdings is proud to announce that our multi-award winning Eternity Power Thermal Harvesting™ clean energy project has been registered as a Clean Development Mechanism (CDM) project. This innovative project is registered with the United Nations Framework Convention on Climate Change (UNFCCC), allowing the clean energy power plant to earn carbon credits for each tonne of carbon offset by its electricity production.
Eternity Power is one of 57 registered stand-alone CDM projects in South Africa and is the only CDM project using patented Thermal Harvesting™ technology. The project not only reduces carbon emissions but also generates an alternative source of clean energy for the Anglo American Platinum Waterval smelter. The Eternity Power Thermal Harvesting™ project captures waste heat from the convertor cooling circuit at the smelter to generate up to 5MW of electricity which is used by the smelter for its internal power consumption. The plant is registered to offset 15 279 tonnes of CO2 per year. The CDM credit period will run for 10 years.
The Eternity Power Thermal Harvesting™ project was developed by Vuselela Energy in collaboration with Anglo American Platinum. The power plant is a first of its kind in the field of clean energy production.
February 2018 – New Engineers in Training
In January this year, Vuselela Energy (an H1 Holdings company), welcomed three new Engineers in Training. The new Engineers in Training work at our multi-award winning clean energy power plant, Eternity Power, near Rustenburg in the North West province. We welcome Khungeka Sidlai, graduate of the Cape Peninsula University of Technology (CPUT); Philiswa Mdletye, a University of Johannesburg graduate and Sisipho Mntonga, also a graduate of CPUT.
This photo was taken on Valentines Day and features most of the Vuselela Energy team (from left to right) Norbertin Nkoghe Eyeghe, Gomolemo Tlalang, Khungeka Sidlai, Jacques Malan (back), Vinetia Taffa, Philiswa Mdletye (back), Manuel Masole, Thabisile Mwelase and Sisipho Mntonga
November 2017 – Stortemelk Hydro wins another award
Stortemelk Hydro, the successful run of river hydro plant near Bethlehem, Free State, has won another award. This is a quote from the CEO of our partner in the plant, Renewable Energy Partners, Anton-Louis Olivier: “I am very proud to announce that Stortemelk Hydro has received an award for architecture from the regional South African Institute of Architects. It is probably one of the first times a power plant in SA has been awarded for its architecture! It is important for me that our hydropower plants not just generate electricity efficiently, but also create a broader sense of value. Having this power plant and structure, which could still be operating 100 years from now, recognised for its architectural value, is a great reward”.
October 2017 – Joshin Raghubar
Joshin Raghubar is the CEO and Director of iKineo and is its founder. He has extensive experience in providing marketing leadership to numerous multinational clients. H1 Holdings has a shareholding in iKineo with its business partners Sprout and Explore Sideways. Joshin is featured in the October edition of the Entrepreneur magazine where he talks about how he “transitioned from a 23-year-old start-up with zero capital to head of a multinational group of companies”.
October 2017 – TSiBA Igniting Opportunity
TsiBA is a private university which offers a business administration degree and has been operating for 11 years. The Tertiary Institute for Business Administration (TSiBA) is unusual in that it does not receive any subsidy and offers all qualifying students a fully funded bursary. Reyburn Hendricks, director at H1 Holdings, has been a trustee of the TSiBA Education Trust since 2008. Reyburn is a director of the university since 2014 and volunteers time to help build the financial sustainability of the university. More information about TSiBA and its good work can be found at www.tsiba.org.za.
Each year H1 Holdings sponsors the cost of a student to complete a Bachelor in Business Administration. This year’s student is Furnill Manus from Wellington, who is doing particularly well with his specialisation in Entrepreneurship and Leadership. The photo features Furnill at his Higher Certificate in Business Administration graduation with Mpho Tutu.
December 2016 – Stortemelk Hydro performs beyond expectations
H1 Holdings is a key shareholder in a new 4.5MW hydro project, Stortemelk Hydro. The successful plant operates as a run-of-river power station near Clarens in the Free State province, with an annual output of 28GWh. Stortemelk Hydro is the third hydro power plant developed in South Africa and it has performed beyond expectations since commercial operations on 29th of July 2016. H1 Holdings partnered with Renewable Energy Holdings for the project and it is one of the few projects under the REIPPP that is 100% South African-owned.
September 2016 – Renewable Energy Research Excellence Award
H1 Holdings project Eternity Power Thermal Harvesting™ has won its fourth award, the Renewable Energy Research Excellence Commercial Application Award. The award recognises the novel technology Eternity Power used to generate electricity from geothermal heat and is sponsored by RECORD – the Renewable Energy Centre of Research and Development. The South African National Energy Association (SANEA) hosted the awards at a gala ceremony in Johannesburg, 16th September 2016.
The picture features the Director of H1 Holdings, Lionel Jacobs, and the Director of Vuselela Energy, Vernon Harding
August 2016 – IChemE Sustainable Technology Award
H1 Holdings and Vuselela Energy are excited to announce that the innovative Eternity Power Thermal Harvesting project has been selected as a finalist for the Sustainable Technology Award 2016 by the IChemE Global Awards.
This prestigious competition celebrates sustainable technologies from across the globe, with Vuselela Energy being the sole finalist from Africa. The nomination marks Vuselela Energy’s debut on the world stage as a cutting edge sustainable energy technology.