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South Africa: Miga insures REIPPP IV projects

The World Bank’s Multilateral Investment Guarantee Agency (Miga) has issued guarantees for the construction, ownership and operation of the 40MW Aggeneys Solar PV, 75MW Konkoonsies II Solar PV, 117.7MW Golden Valley Wind and 32.5MW Excelsior Wind projects. Miga’s guarantees will cover 90% of developer BioTherm’s equity investment for up to $46.9m in the PV solar plants and $68.9m in both wind production plants.

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