Successful bid price of Solar Panel project in South Africa 2026

Winning prices ranged from ZAR 420.74 ($22.71)/MWh for a 240 MW solar power plant to ZAR 492.20 ($26.56)/MWh for a 190 MW project. Winning projects are located in the provinces of Mpumalanga, Limpopo, Free State, and North West.
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Solar Wins South Africa''s REIPPPP 7 Renewable

South Africa has selected 8 projects as the preferred bidders for 1.76 GW of solar PV capacity under the REIPPPP BW7 auction Winning bids ranged from ZAR 420.74/MWh to ZAR 492.20/MWh with Pele Green Energy

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Other factors may also account for the reduction in bid prices: reductions in the costs of the technologies, project developers becoming more familiar with the programme, an increased

5 FAQs about [Successful bid price of Solar Panel project in South Africa 2026]

How many solar PV preferred bidders are there in South Africa?

The eight (8) Solar PV Preferred Bidders have committed to creating a total of 6 971 job opportunities for South African citizens (measured in job years) during both the construction and operational phases of the contracts.

How many solar panels will South Africa deploy in 2024?

Earlier this year, the South African government unveiled plans to deploy at least 3 GW of new renewables annually. This increases the renewables to 5 GW by 2030. Lastly, country deployed 1.1 GW of solar in 2024, after a record year for solar additions in the year 2023.

How much does Scatec's Solar project cost?

The estimated total project cost for the solar cluster project is ZAR 13 billion (USD 735 million). The projects will be financed with up to 90% non-recourse project debt and the remaining by equity from the owners. “It excites me to announce another important milestone for Scatec in South Africa and for the country’s renewable energy transition.

How much does the oslaagte solar cluster cost?

Located in the Free State province, the cluster will comprise three solar power plants, Oslaagte Solar 2 (293 MW), Oslaagte Solar 3 (293 MW), and Leeuwspruit Solar (260 MW). The estimated total project cost for the solar cluster project is ZAR 13 billion (USD 735 million).

How much did the preferred bidders invest in black enterprise procurement?

The Preferred Bidders have also undertaken to invest R1.8 billion on Black Enterprise Procurement, R1.4 billion in B-BBEE Procurement on Qualifying Small Enterprises (QSEs) and Exempt Micro Enterprises (EMEs), and an additional R 659 million in B-BBEE Procurement specifically for Black Women.

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