From their website. SWEET
South Africa
HyFi has entered a joint venture with POWGEX ENERGY called “POWGEX-HyFi” to build, own and operate renewable electricity generating facilities for the next 45 years in South Africa. HyFi has put together a consortium of banks, investment banks and institutions approved to provide structured project finance for the build out of as much as 300 gigawatts (GW) of utility scale and rooftop solar electricity, wind, green hydrogen production and potentially atmospheric water generation.
The projects are confirmed to be guaranteed by Power Purchase Agreements from established government bodies. In the first year it is contemplated that installations will begin in the in the first half of 2024 for approximately 1 GW of power at a cost of approximately $2.5 Billion per each 1 GW, and subsequent years will target up to 6 GW of installed capacity, per year, with the help of world class OEM’s and leaders in the renewable energy industry such as large co-developers and EPC’s.
HyFi is in the process of arranging the construction financing and subsequent refinancing via bond issuance for these renewable energy facilities and also the OEM, EPC and O&M partners. Several world class infrastructure investment banks, venture capital and infrastructure funds and A rated (or better) insurers have confirmed their interest in participating. In addition one of the world largest solar panel and battery manufacturers as well have expressed interest, as a supplier and co-developer.
Bullish
Years Teach Us, Which Days Never Knew
