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ALESCO
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lesco is a global insurance broker and risk management consultant, with specialist teams operating in the power and energy industry. We represent our clients throughout the development, construction and operational phases of Independent power projects, interacting with sponsors, lenders, contractors and any other parties engaged in your Project. Our expert teams design, arrange and service construction and operational insurance programmes. Our client base on the African continent spans 6,000 MW of independent power across 15 countries and includes thermal, hydro, wind and solar projects.
Cookhouse, the largest wind farm in Africa today
Cookhouse Wind Farm
Located near the town of Cookhouse in the Eastern Cape Province, Cookhouse Wind Farm comprises 66 turbines, each with a hub height of 80 metres, giving a total installed capacity of 138.6MW. One of the largest wind farms in Africa, it reached COD in November 2014 and has been delivering electricity to the Eskom grid since then. Jannie Retief, CEO of Cookhouse Wind Farm, says that the project is expected to deliver around 370,000MWh per annum of clean
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energy into the grid; which is enough electricity to power 138,000 lowincome homes or 57,000 mediumincome houses. “The excellent cooperation of contractors, subcontractors, shareholders, lenders and Eskom, underpinned by a strong contractual framework governing these relationships, has supported the realisation of the project. This made Cookhouse, the largest wind farm in Africa today, a reality,” he continues. In order to produce the same amount of electricity using fossil fuels, a South African coal-fired power station would emit approximately 384,000 tonnes of CO2 every year; equivalent to taking over 78,000 cars off the road. Cookhouse Wind Farm has established itself as a market leader in a number of aspects. Over and above being the largest South African wind farm at the time, it is 25 percent owned
WWW.AFRICAOUTLOOKMAG.COM
On our key projects across the continent we work in tandem with our Africa partner, Lapis Re, to ensure we consistently provide our clients with the global expertise and local knowledge needed to deliver innovative and competitive insurance solutions. Lapis Re is a renewable energy specialist insurance and reinsurance broker with international presence but rooted in Africa powering our client’s insurance solutions on the continent in respect of Development, Construction and Operational Projects. Our benefits to our clients engaged in Power Generation, Transmission and Distribution is our ability to provide investor security through insurance solutions that result in materialized and sustainable projects by applying knowledge, skill and the know-how in the 14 countries we have conducted business on the continent. Henry Croft-Baker - Partner T +44 (0) 207 204 6191 E Henry_Croft-Baker@alescorms.com Bob Lock - Partner T +44 (0) 207 204 1824 E Bob_Lock@alescorms.com Devash Appalraju – Director T +27 (0) 31 819 7872 E Devash@lapisre.com
www.alescorms.com