Bokamoso Solar

What Bokamoso Solar does

Bokamoso Solar is a South African independent power producer operating a single 68 MW utility-scale solar photovoltaic power plant located on Farm Matjesspruit No. 145 near Leeudoringstad in the North West Province of South Africa. The plant spans 150 hectares and comprises 236,580 solar PV panels, generating approximately 177,660 MWh of clean renewable electricity per year, sufficient to power around 73,000 medium-sized South African homes and eliminate approximately 206,000 tonnes of carbon emissions annually. The project was developed under the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) fourth bid window, commencing construction in November 2018 and achieving commercial operation in September 2020, less than two years later. All generated electricity is sold to Eskom Holdings SOC Ltd, South Africa's national electricity utility, via a 20-year power purchase agreement, with the plant connecting to Eskom's 132kV grid through the Bokamoso switching station on the Harrisburg Line.

The business is owned by Bokamoso Solar (RF) Pty Ltd with a multi-party shareholding structure comprising institutional investors including the IDEAS Fund managed by Old Mutual, Reatile Solar Power, African Rainbow Energy and Power (AREP), Phakwe Solar, Business Venture Investments 1984, and the Cicada Community Trust. Juwi Renewables South Africa serves as the engineering, procurement, and construction (EPC) contractor and continues as the operations and maintenance (O&M) provider. The company is headquartered in Cape Town (Rondebosch) with a local operations office in Leeudoringstad. The enterprise generates revenue exclusively through electricity sales to Eskom under the long-term PPA.

A mandatory component of the REIPPPP framework is socio-economic development, and Bokamoso Solar commits a percentage of annual revenue to community programmes across education, healthcare, enterprise development, and youth development in the Matlosana and Maquassi Hills Local Municipalities within a 50 km radius of the plant. Programme offerings include the Scholarship Programme (tertiary education support), the READ Programme (literacy, with READ Foundation), a School Health Programme (mobile clinic, with the District Department of Health), SMME Incubation Hubs (with Africa's Got Game), an Early Childhood Development Programme (with Ntataise Foundation), and a Youth Development Programme. These programmes are delivered through strategic partnerships with government departments, NGOs, and implementing organisations over the 20-year operational period.

Name

Bokamoso Solar

Legal name

Bokamoso Energy RF Proprietary Limited

Website

https://bokamososolar.co.za

Company type

Private

Operating status

Operating

Short description

Bokamoso Solar is a South African independent power producer operating a 68 MW utility-scale solar PV plant in North West Province, selling all generated electricity to Eskom under a 20-year REIPPPP PPA while delivering community socio-economic development programmes to local municipalities.

Ownership category

akta.pro rank

Product category

Utility-Scale Solar Power Generation

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Utility-scale solar power
• Renewable energy generation
• Independent power producer
• Photovoltaic electricity generation
• Solar power purchase agreement

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Electricity Generation and Sale: Generates approximately 177,660 MWh of clean renewable power annually from 68 MW solar installation and sells to the national grid under a 20-year power purchase agreement through the REIPPPP framework

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Bokamoso Solar operates a 68 MW utility-scale solar photovoltaic power plant on 150 hectares in the North West Province near Leeudoringstad, South Africa, generating approximately 177,660 MWh of clean renewable energy annually via 236,580 solar panels. The company sells 100% of generated electricity to Eskom Holdings SOC Ltd under a 20-year Power Purchase Agreement secured through South Africa's REIPPPP fourth bid window. The plant connects to Eskom's 132kV grid via the Bokamoso switching station on the Harrisburg Line and has been commercially operating since September 2020.

Product overview

Bokamoso Solar operates as a single 68 MW solar photovoltaic power plant with a portfolio of community socio-economic development programmes. The core product is solar energy generation supplying approximately 73,000 South African homes annually. Surrounding this core energy output, the company offers five integrated community programme modules: the Scholarship Programme for tertiary education support, the READ Programme for literacy development, the School Health Programme featuring mobile clinic services, SMME Incubation Hubs for enterprise development, and an Early Childhood Development Programme. Additionally, a Youth Development Programme provides life skills training. These modules are funded through a percentage of annual revenue as part of the project's 20-year community benefit commitment.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Energy Generation A 68 MW utility-scale solar photovoltaic power plant located in the North West Province near Leeudoringstad, generating approximately 177,660 MWh of clean renewable energy annually through 236,580 solar panels across 150 hectares. Electricity is sold to Eskom Holdings SOC Ltd under a 20-year Power Purchase Agreement secured through the REIPPPP fourth bid window, supplying clean power to approximately 73,000 South African homes and eliminating roughly 206,000 tonnes of carbon emissions per year.

Quantifiable outcome

• Generates 177,660 MWh of clean renewable energy per year
• +3 more outcomes

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered flagship and core.

• Africa's Got GameflagshipImplementation/ SI/ Consulting Partner · 1 June 2022Africa's Got Game implements the SMME Incubation Hub programme in Kanana and Leeudoringstad, providing business development training, mentorship, and support for local entrepreneurs. SMME Incubation Hubs launched June 2022.
• READ Foundation (READ Educational Trust)flagshipImplementation/ SI/ Consulting Partner · 1 January 2022READ Foundation (READ Educational Trust) is the implementing partner for Bokamoso Solar's reading and literacy programmes in local schools, providing training for learner assistants and educational resources. Partnership established in 2022 with ongoing programmes through 2025.
• Ntataise FoundationflagshipImplementation/ SI/ Consulting Partner · 1 January 2022Ntataise Foundation facilitates the ECD capacity-building programme, providing training to ECD practitioners and supervisors across Maquassi Hills and Matlosana Local Municipalities.
• Juwi Renewables South AfricacoreTechnology or IntegrationJuwi Renewables South Africa served as the Engineering, Procurement and Construction (EPC) contractor and continues as the Operations & Maintenance (O&M) contractor for the 68 MW solar installation.
• Eskom Holdings SOC LtdcoreStrategic or Co-development PartnerEskom is the national electricity utility purchasing all generated power under a 20-year power purchase agreement. The solar field connects to Eskom's Bokamoso switching station on the 132kV Harrisburg Line.
• Department of Health (North West Province)flagshipStrategic or Co-development PartnerThe District Department of Health collaborates on the School Health Programme, providing follow-up health services and referrals for learners screened through the mobile clinic initiative.
• Department of Education (Maquassi Hills and Matlosana)flagshipStrategic or Co-development PartnerDepartment of Education partners with Bokamoso Solar on academic awards ceremonies and aligns with the Integrated School Health Policy for health programme delivery.
• National Youth Development Agency (NYDA)coreStrategic or Co-development PartnerNYDA participates in enterprise development programme graduations and stakeholder events, supporting youth entrepreneurship initiatives in the local communities.
• Study TrustcoreImplementation/ SI/ Consulting PartnerStudy Trust assists with scholarship programme implementation in association with Management Services Company Policy on Scholarships.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Red Cap Energy: SA independent power producer with utility-scale wind and solar PV projects under REIPPPP. Comparable scale, regulatory regime, and Eskom off-take structure.
• BioTherm Energy: SA renewable energy IPP operating wind and solar PV projects under REIPPPP. Same customer (Eskom), same 20-year PPA structure, and same socio-economic development obligations as Bokamoso.
• Pele Green Energy: South African renewable energy IPP with solar PV and battery storage projects under REIPPPP. Same regulatory framework and Eskom PPA model as Bokamoso.
• Solar Capital South Africa: South African-focused solar PV independent power producer with multiple utility-scale projects under REIPPPP. Directly comparable business model, off-taker (Eskom), and regulatory framework to Bokamoso Solar.
• Mulilo Energy: South African renewable energy developer with utility-scale solar and wind assets under REIPPPP. Same go-to-market (PPA with Eskom) and similar scale of asset base as Bokamoso Solar.
• Ener-G-Africa: South African renewable energy IPP with solar PV and other renewable assets under REIPPPP. Similar size, same off-taker, and same regulatory structure as Bokamoso Solar.

Broad incumbents

• Globeleq: UK-based independent power producer with significant renewable energy portfolio across Africa, including South Africa. Operates utility-scale solar PV under similar PPA structures and is a relevant scaled peer for valuation benchmarking.

Regional players

• African Clean Energy (ACE): Renewable energy developer with project portfolio in Southern Africa. Overlapping solar PV utility-scale segment in SA, though somewhat broader scope.
• Scatec ASA: Norwegian-listed renewable energy developer with significant operational presence in South Africa through REIPPPP-supported solar PV projects. Comparable technology (utility-scale PV) and similar Eskom PPA structure, though more diversified geographically.

Others

• Juwi Renewables South Africa: Bokamoso's EPC and O&M contractor for the 68 MW solar PV plant. Directly comparable technical capability in renewable energy project delivery and operations in SA.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bokamososolar

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bokamoso Solar