Calulo Renewable Energy was formed specifically to participate in the Renewable Energy space through investments in project equity and in order to provide full suite logistics and related services. Through drawing on the expertise and services of other group investee companies, Calulo Renewable Energy has aligned itself with significant projects and developments.
Calulo Renewable Energy focuses primarily on:
- Investing in Renewable Energy projects in Southern Africa
- Acquiring low hanging secondary BEE opportunities
- Developing new assets and pipelines
- Offering services during the construction phase, as well as during the life of the project.
CREH – Hydra Holdco
The Hydra Holdco project, developed by a consortium of TotalEnergies and Hydra Storage Holding of which CREH is party to has begun constructing a major hybrid renewable energy project in South Africa’s Northern Cape province, combining a 216 MW solar plant with a 500 MWh battery storage system. The facility will generate approximately 400 GWh of electricity per year and deliver 75 MW of continuous power to Eskom from 5 a.m. to 9:30 p.m. under a 20-year agreement. It forms part of South Africa’s Risk Mitigation Independent Power Producer Procurement Programme to enhance national energy capacity and reduce national load-shedding.
Calulo Renewable Energy Holdings (CREH):
- Hydra Storage Hold co 10.5996%; which owns 35% Total Energies Hydra Storage