Further financial-close delay in prospect for 28 renewables bidders

Engineering News 26 July 2012.

The 28 renewable-energy project developers identified in December as preferred bidders, following the first bid window under South Africa’s R100-billion Renewable Energy Independent Power Producer Programme (REIPPP), have been notified that the timing of financial closure may be delayed beyond the end of July…

(Editorial note: Good! I was afraid that the DOE would have to stick to the tender conditions and close the door on any delayed projects.)