Financial model
The equity return target for Bwengu Solar Park and the assumptions behind it.
14.5%Target equity IRR
Return targets
The project financial model targets an equity internal rate of return (IRR) of 14.5%, based on the assumptions listed here.
- Tracking system
- Single axis trackers (SAT) are assumed, to maximise the yield of the PV modules.
- Land
- The study results and the final design by the appointed EPC contractor may require more land than the 105 hectares now secured.
- Offtake
- Power Purchase Agreement with ESCOM, signed and executed.
Grid and offtake
ESCOM has granted an offer to connect the project to the grid. The Transmission and Connection Agreement is at an advanced stage and under technical and legal vetting.
See all milestones