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+27 11 996 0600 info@calulo.co.za

Calulo Renewable Energy was formed specifically to participate in the renewable energy industry through drawing from Calulo Investments’ experience in the oil & gas industry. Calulo is highly active in this sector, having aligned itself with projects that are directly and indirectly related to oil & gas harnessing opportunities that arose from its investment in Total SA and through knowledge acquired from its experiences through operational involvement in the oil & gas field.

The rapid growth of urbanisation and economic development in South Africa has seen an increased demand in alternative power. The Department of Energy, through its White Paper on Renewable Energy, has committed to producing energy from renewable energy sources in response to the need for affordable energy by developing communities, especially those with no access to energy and requiring energy for human development.

The government’s Renewable Energy Independent Power Producer (REIPP) Procurement Programme, which aims to have 6 725 megawatts of electricity generated from renewable energy sources for the national power grid, is a platform on which Calulo Renewable Energy believes it has the potential and skills to transform the South African energy grid, while also contributing towards socio-economic and environmentally sustainable growth within the ever-growing South African Renewable Energy Industry.

Calulo Renewable Energy is able to offer a full suite of logistics and related services to the renewable energy industry by drawing on the expertise and services of group investee companies and by coordinating other local service providers.

Contact Details

Johannesburg:
Ground Floor, Platinum Place
Turnberry Office Park
48 Grosvenor Road, Bryanston
T | +27 11 996 0600
W | www.calulorenewables.co.za

Investment

Calulo Renewable Energy was formed specifically to participate in the renewable energy industry through drawing from Calulo Investments’ experience in the oil & gas industry. Calulo is highly active in this sector, having aligned itself with projects that are directly and indirectly related to oil & gas harnessing opportunities that arose from its investment in Total SA and through knowledge acquired from its experiences through operational involvement in the oil & gas field.

The rapid growth of urbanisation and economic development in South Africa has seen an increased demand in alternative power. The Department of Energy, through its White Paper on Renewable Energy, has committed to producing energy from renewable energy sources in response to the need for affordable energy by developing communities, especially those with no access to energy and requiring energy for human development.

The government’s Renewable Energy Independent Power Producer (REIPP) Procurement Programme, which aims to have 6 725 megawatts of electricity generated from renewable energy sources for the national power grid, is a platform on which Calulo Renewable Energy believes it has the potential and skills to transform the South African energy grid, while also contributing towards socio-economic and environmentally sustainable growth within the ever-growing South African Renewable Energy Industry.

Calulo Renewable Energy is able to offer a full suite of logistics and related services to the renewable energy industry by drawing on the expertise and services of group investee companies and by coordinating other local service providers.

1. Equity Investment

CRE looks at investing in equity in projects with developers and equipment providers that have a solid track record. In this regard, CRE has aligned itself with the following companies:

  • Mulilo, a South African developer;
  • Total, its partner in oil & marketing services;
  • Sunpower, a leader in solar modules and an established presence in South Africa with manufacturing facilities in Cape Town (formerly Tenesol)

CRE is looking at a portfolio approach where, in addition to renewable energy projects with the abovementioned parties, it will look at other projects from other developers with similar or other technologies to build up a portfolio of renewable energy projects. Further, with a portfolio of renewable energy projects and returns from such projects, CRE will be able to participate in more projects on a long term basis without needing to liquidate its investment to realize a return.

2. Operational Involvement

CRE is not just looking to be an investor in RE projects, but to be an operational investor. With the portfolio approach that CRE is adopting, CRE is able to draw on the expertise and direct involvement of group investee companies, such as:

The platform offered by the Group companies listed above, allows CRE to coordinate additional services and products from other South African companies to the local renewable energy industry. This not only enhances Calulo Investments, but also gives it a working real-time knowledge of the business environment, allowing it to participate in the decision-making required to be responsible and value-adding partners.

The potential for these companies is to participate in the construction phase of the renewable energy projects through subcontracting to the main EPC provider.

Through Calulo Investments, CRE has access to experts in-house who have undertaken major projects on the African continent and other continents (Eastern Europe), which have included the management of project logistics through to the erection of wind farms.

3. Social Impact

CRE looks to participate in projects that have transformative potential and will bolster the growth of the renewable energy industry and move South Africa closer to a clean energy future. This will contribute to positive social and economic development in South Africa, which is of great importance to CRE