DNV GL has revealed that it is acting as the lenders’ technical advisor for five South African wind farm projects, representing a total capacity of 590MW.
Three of the five projects (Khobab, Loeriesfontein 2 and Noupoort) were developed by Mainstream Renewable Power. The debt for the projects has been arranged and underwritten by Barclays, the Development Bank of Southern Africa and EKF the Danish export credit agency. DNV GL advised Barclays as the lead arranger. The two remaining projects (De Aar Maanhaarberg and De Aar 2 North) were developed by China Longyuan Power and Mulilo Renewable Energy Limited. DNV GL advised Nedbank and the IDC as the main lenders on these deals.
