Project Profile · Battery
Ekurhuleni 100 MWh BESS
Battery energy storage co-located with the Ekurhuleni 50 MW solar PV plant — shifting generation to peak demand, maximising the value of PV output and reducing peak tariff exposure.
BESS overview
Site
Co-located within the Ekurhuleni 50 MW PV footprint
O&M
Power China — single contract covering solar PV + BESS
Financial structure
Capital
Lease structure, ring-fenced within the Ekurhuleni SPV
Equity
Greenleaf 70% · Shareholder A 30%
Debt
JIBAR-linked commercial loan · Construction + 10 yr
Lifecycle
Mid-life battery replacement budgeted and smoothed over lease
Lease terms
Term
10-year BESS lease (service agreement)
Tariff
ZAR-linked, discount to Megaflex peak · NERSA-linked escalation
Payment
Monthly · 30 days · Take-or-pay aligned with PPA
Timeline
Financial Close: Q1 2026