They really do not clarify if year 1 is 2024 or 2027. Year 1 likely means the first year after installment which will take many years. It will take years to finance and develop these projects. They won’t get any revenues until these projects are online. JMO.
The following article stated the following, “ On Dec. 8, the private developers, including Scatec SA, Engie-Pele consortium, Total Mulilo and IKAMVA consortium, also signed implementation agreements with South Africa’s Dept. of Mineral Resources and Energy with the projects’ commercial and financial close slated for the first half of 2023. Construction of the projects is expected to take two years. The plants are set to come online in early 2025.”
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