Property
Description

Property Description

Unlock exceptional renewable energy potential with this 53-hectare agricultural holding, strategically located within one of South Africa’s most bankable solar clusters. Situated on Portions 47 & 48 of Farm Leeuwpaan 58 IQ, this property offers a rare chance to secure prime land for solar development at an entry price still anchored in agricultural value while benefiting from substantial upside through solar leasing or project development.

Location Advantage Positioned in the heart of a 620 MW approved solar corridor, the property is surrounded by projects developed by multinational IPPs, confirming the area’s technical and financial bankability. Its proximity to Eskom’s 132 kV transmission lines provides a decisive grid-access edge, reducing connection timelines and costs — a critical differentiator in South Africa’s increasingly congested grid environment. Nearby mines and heavy industry in the Carletonville and North West regions create natural, concentrated offtake demand, strengthening revenue certainty for future power wheeling or C&I solar projects DOC-20250923-WA0035.

• Investment Fundamentals Land Size: ± 53 ha agricultural land

• Solar Generation Potential: ± 20 MW (0.73 MW/ha, 52 % land-use factor)

• Solar NPV (10-year DCF): ± R3 million

• Total Enterprise Value: ± R4 million

Tariff Assumptions: R0.90/kWh, 35 % load factor, 1.5 % lease, 12 % WACC DOC-20250923-WA0035.

These figures are based on conservative benchmarks and a 10-year PPA model, offering a realistic yet lucrative base case for investors, with significant optionality to extend leases or partner on a full-scale development.

Strategic Benefits: Bankable Renewable Location within a 620 MW cluster approved by WKN Windcurrent.

• Immediate Grid Proximity: Near 132 kV Eskom lines, cutting development timelines.

• Anchored Energy Demand: Nearby industrial offtake markets for wheeled power.

• Policy Tailwinds: Grid upgrades and national reforms accelerating renewables.

• Dual-Use Potential: Maintain agricultural use while securing long-term solar lease income.

Development & Exit Options Land Lease to IPP: Secure upfront payment and 20+ year indexed rental income.

Joint Venture Development: Partner with EPC or fund for shared project returns.

Strategic Land Bank: Hold as grid scarcity drives value appreciation.

Agrivoltaic Hybrid Model: Blend agricultural activity with solar for diversified revenue.

Features

53 HA Farm

Prime Location in a Proven Solar Cluster

Strategic Grid Access-near Eskom’s 132 kV transmission lines

Exceptional Value Upside

Located within a 620 MW approved solar development zone

Area Description

Positioned between Carletonville and the North West Province, this property sits at the epicentre of one of South Africa’s fastest-growing renewable energy corridors. The surrounding area is already home to 620 MW of approved solar projects developed by leading multinational IPPs, firmly establishing it as a bankable and strategically proven location for large-scale renewable energy investment. Investors can enter a region where approvals, infrastructure, and demand are already aligned to support accelerated project roll-outs. The farm’s close proximity to Eskom’s 132 kV transmission network gives it a rare and highly valuable grid connection advantage — significantly reducing development timelines and connection costs, which are critical factors in today’s energy landscape. This strategic infrastructure access positions the property as a prime candidate for utility-scale solar leasing, IPP partnerships, or land banking. The broader Carletonville–North West corridor hosts a strong industrial and mining base, generating robust offtake demand for wheeled and commercial power. Coupled with planned grid upgrades and supportive national renewable energy reforms, this area is perfectly placed to benefit from South Africa’s accelerating shift toward independent generation and private power supply. With its combination of proven solar bankability, strategic grid positioning, and high local energy demand, this location offers investors the opportunity to secure a foothold in a scarce and rapidly appreciating renewable energy hotspot — ideal for long-term income generation or strategic capital growth.

Area Amenities

R501 Regional Road: ± 8 km

Carletonville CBD: ± 15 km

Carletonville & Western Deep Levels mining region: ± 15 km

Eskom Transmission Lines: 132 kV grid infrastructure: 1 km

Carletonville Hospital & Mediclinic: ± 17 km

Lanseria International Airport (via N14): ± 80 km