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Cape Town - The South African renewable energy company BioTherm Energy has received a $150m (R1.47bn) injection from the British private-equity group Denham Capital, for the construction of to 300MW of renewable and clean-energy projects in South Africa.
BioTherm Energy announced its first 4.2MW project at the PetroSA plant in Mossel Bay last year. This project generates power by burning methane gas harnessed from the gas-to-fuel plant's wastewater treatment system.
The project earns carbon credits in terms of Kyoto Protocol?s clean-development mechanism because it helps reduce greenhouse gases, which contribute to climate change.
BioTherm Energy wants to focus on more such 5MW to 100MW small-scale energy projects in energy-intensive industries. The projects will make use of waste gas, surplus heat and biomass.
These projects could come into production more quickly than Eskom's large-scale energy projects, and in the next couple of years will bring sorely needed relief to the South African electricity network.
BioTherm Energy CE Charles Liebenberg says Denham Capital has bought a majority stake in the business. BioTherm Energy is busy developing eight to ten projects at industries ranging from manufacturers to smelters and sugarcane mills.
- Sake24
