Africa Green Energy Holdings — Products, Services and Portfolio Strategy
The portfolio strategy across solar PV, onshore wind and battery storage, the technology selection, the asset configuration and the revenue-generating products and services.
Section 6 · Business Plan
Products, Services and Portfolio Strategy
The portfolio strategy across solar PV, onshore wind and battery storage, the technology selection, the asset configuration and the revenue-generating products and services.
6.1 Portfolio Architecture
AGEH’s 550 MW portfolio has been constructed to balance technology
diversification, resource quality, grid-connection feasibility, and
offtake structure. The portfolio is intentionally over-weighted in solar
PV (54% of capacity, 47% of CAPEX) to capture the best-in-class
economics now available in South African solar, while the 27% wind and
18% storage allocations provide diurnal complementarity and
ancillary-revenue diversification.
6.2 Solar PV Cluster — 300 MW
| Parameter | Specification |
|---|---|
| Capacity (DC) | 412 MWp DC |
| Capacity (AC) | 300 MW AC |
| DC/AC Ratio | 1.37 |
| Module Technology | N-type TOPCon bifacial, 605 Wp class |
| Mounting | Single-axis tracker (±55° range) |
| Inverter Technology | Central inverter, 1,500 V DC, 3,725 kVA |
| Estimated Capacity Factor | 30.2% (P50) |
| Annual Net Generation | 793 GWh |
| Specific Yield | 1,925 kWh/kWp/year |
| Land Footprint | ~750 hectares (lease, 25 years) |
| Module OEM (target) | JinkoSolar / LONGi / Trina (tendered) |
| Inverter OEM (target) | Sungrow / Huawei (tendered) |
| EPC Contract Structure | Fixed-price, lump-sum, single-point EPC |
| O&M Contract Structure | 20-year OEM-backed full-service agreement |
| Estimated CAPEX | ZAR 4.2 billion (USD 224 million) |
| CAPEX per kW (AC) | ZAR 14,000 / USD 745 |
6.3 Wind Farm — 150 MW
| Parameter | Specification |
|---|---|
| Number of Turbines | 25 units |
| Rated Power per Turbine | 6.0 MW |
| Hub Height | 150 metres |
| Rotor Diameter | 172 metres |
| Estimated Capacity Factor | 43.1% (P50) |
| Annual Net Generation | 566 GWh |
| Wind Resource (avg) | 8.5 m/s at 100 m |
| Land Footprint | ~3,000 hectares (servitude only) |
| Turbine OEM (target) | Vestas / Siemens Gamesa / Nordex |
| EPC Contract Structure | Wrapped EPC with full BoP scope |
| O&M Contract Structure | 20-year OEM service agreement |
| Estimated CAPEX | ZAR 2.6 billion (USD 139 million) |
| CAPEX per kW | ZAR 17,333 / USD 925 |
6.4 Battery Energy Storage System — 100 MW / 400 MWh
| Parameter | Specification |
|---|---|
| Rated Power | 100 MW (50 + 50 split across two sites) |
| Rated Energy | 400 MWh (4-hour duration) |
| Battery Chemistry | LFP (Lithium Iron Phosphate) |
| Round-Trip Efficiency | ≥87% (DC-to-DC, year-1) |
| Cycle Life | ≥6,000 cycles at 80% DoD |
| Augmentation Strategy | Year 7 and Year 14 capacity refresh |
| Operational Mode | Capacity-charge + arbitrage + ancillary |
| BESS OEM (target) | CATL / BYD / Sungrow / Fluence |
| Estimated CAPEX | ZAR 1.7 billion (USD 91 million) |
| CAPEX per MWh | ZAR 4.25 m / USD 226k |
6.5 Revenue Mix and Offtake Strategy
AGEH’s contracted revenue model is structured to deliver predictable
cash flows at three distinct tenors and risk levels. Approximately 60%
of forecast revenue is anticipated under 20-year REIPPPP and BESIPPPP
PPAs with the South African Energy Buyer (an Eskom subsidiary, supported
by National Treasury credit-enhancement). The remaining 40% is
contracted via corporate PPAs and wheeling arrangements with
creditworthy industrial, retail, and data-centre customers under 10 to
15-year tenors. A small residual is earned via merchant
ancillary-services revenue.
| Revenue Stream | Tenor | % of Revenue (steady state) | Counterparty |
|---|---|---|---|
| REIPPPP Solar PPA | 20 years | 32% | South African Energy Buyer / Eskom |
| REIPPPP Wind PPA | 20 years | 18% | South African Energy Buyer / Eskom |
| BESIPPPP BESS | 15 years | 10% | Eskom System Operator |
| Corporate PPAs (Solar) | 12-15 yr | 24% | Mining / Industrial / Data centres |
| Corporate PPAs (Wind) | 12-15 yr | 8% | Mining / Industrial |
| Ancillary & Arbitrage | Merchant | 5% | Wholesale Electricity Market |
| Capacity Markets | Merchant | 3% | Wholesale Electricity Market |
6.6 Pipeline Beyond the Initial 550 MW
AGEH maintains an active development pipeline of approximately 1,200
MW beyond the initial 550 MW portfolio. The pipeline is at varying
stages of development maturity: 320 MW at advanced stage (land secured,
EIA in progress, grid-allocation pending); 450 MW at mid-stage (land
options secured); and 430 MW at early-stage (resource assessment under
way). This pipeline provides the basis for AGEH’s growth strategy to
1,500 MW by 2036.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Africa Green Energy Holdings (Pty) Ltd.