Hive Hydrogen and Genesis Eco-Energy Developments sign wind power agreement for $5.8bn Coega Green Ammonia Plant

  • Hive Hydrogen will implement Genesis’ wind power generation projects, totalling 372MW, in the Western Cape to generate and supply a sizable portion of power needed for the Coega Green Ammonia hub.
  • The Coega Green Ammonia hub is a flagship investment project in South Africa, led by Hive Energy and BuiltAfrica.
  • Genesis Eco-Energy’s two wind farms will bring significant employment opportunities to the local area.

Davin Chown – MD of Genesis (left) and Colin Loubser, CEO, Hive Energy Africa congratulate each other on achieving this important milestone

Hive Hydrogen South Africa has signed an agreement with Genesis Eco-Energy to implement 372MW of wind power in the Western Cape, to support the development of its Green Ammonia project at Coega in the Eastern Cape.

Hive Hydrogen’s $5,8bn green ammonia hub, which is a flagship investment project in South Africa, will bring a significant economic boost to the country and critically for the Eastern and Western Cape Provinces. The project has been tabled at the Presidential Investment Summit in Sandton, South Africa, and awarded Strategic Integrated Project Status by the Ministry of Public Works in November 2022.

A total of 3,480MW’s of power will be generated to supply the plant and will bring much needed investment to the transmission network. The project development will also enable other IPPs in the Beaufort West region to connect their power generation assets to the grid which will reduce load shedding.

“The Hive Green Ammonia project will incorporate our large-scale wind farms to deliver significant benefits to the Eastern Cape province, creating large numbers of jobs in a struggling economy. We are thrilled to be part of delivering this energy solution.” said Davin Chown, Genesis MD.

Colin Loubser, CEO of Hive Energy Africa, added “We have been working with Genesis on these two outstanding projects of theirs for over a year and are delighted to have finalised implementation terms with them to ensure a meaningful supply of power is secured for the project. We will continue working with Genesis to secure additional power for the Coega Green Ammonia project which, once the first phase is built, will require three further phases to supply power.

Genesis Eco-Energy Developments is one of South Africa’s pioneering renewable energy companies that has been developing and implementing renewable energy solutions since 2001. It is part of the Genesis Infrastructure and Renewable Energy Group which is headquartered in Cape Town, South Africa. Genesis is developing 6,5GW of renewable energy generation and energy storage projects in key strategic locations in South Africa. Genesis successfully developed and secured 650MW of projects in the Governments renewable energy programme, and is implementing a number of small-scale projects such as the Darling 6MW solar project as part of its embedded generation portfolio. Using its experience and expertise gained over its 21years in the South African market, Genesis Eco-Energy Developments is helping to drive the next phases of the energy transition in South Africa through its development of wind farms for the Hive Hydrogen South Africa.

Hive Hydrogen South Africa is co-founded by Hive Energy and BuiltAfrica. Hive Energy, is the 75% stakeholder of Hive Hydrogen SA and is the principal funder and co-developer of the project.

BuiltAfrica has a 25% stake in Hive Hydrogen South Africa and is a co-developer. It is a renewable energy development company based in South Africa and was founded by Thulani Gcabashe in 2009 as an investment and development business focused on sectors that support sustainable development. In its first 10 years, the Group focused on developing renewable energy projects in South Africa, having successfully participated in the early rounds of renewable energy procurement under the South African government’s Renewable Energy Independent Power Producer Programme (REIPPP). During this period two solar generation plants were built and are in operation. In addition to this, the BuiltAfrica Group was involved in energy efficiency projects aimed at lowering peak demand on the power system.

Thulani Gcabashe served as Chairman of the Standard Bank Group, and the Standard Bank of South Africa from 2015 – 2022 and is the current chairman of Hive Hydrogen SA. He began his career as a town and regional planner in 1982. After practicing as a director with a firm of architects and town planners he joined the national power utility Eskom in 1993. In 1999 he was appointed Deputy Chief Executive of Eskom, and Chairman Eskom Enterprises and served on the Eskom Management Board and the Electricity Council. In 2000 he become the Chief Executive of Eskom, a position he served in until 30 April 2007. In 2008 he founded the BuiltAfrica Group and has served as the Executive Chairman since inception.