Socio-economic & enterprise development
Loeriesfontein Wind Farm is committed to contributing to sustainable community growth through financial and non-financial community development involvement. The residents of Loeriesfontein in the Northern Cape, situated approximately 60km away from the wind farm site, will be the beneficiaries of community initiatives carried out for the life-span of the wind farm. During the construction phase of the wind farm, the community will have access to more job and business opportunities than are currently available in the area which suffers from high unemployment rates and poor levels of socio-economic development. During the operations phase of Loeriesfontein Wind Farm, a monetary commitment has been made to specifically developing enterprises and improving the socio-economic welfare of the community for 20 years.
Loeriesfontein Wind Farm’s socio-economic development projects will include healthcare initiatives such as HIV and AIDS awareness campaigns; infrastructure development; women empowerment and youth upliftment through investments in sport and recreational activities, academic support programmes and early childhood development.
Loeriesfontein Wind Farm will assist and accelerate the sustainability of local enterprises owned by previously disadvantaged people, with BBB-EE Recognition Levels, women-owned vendors and QSE’s and EMEs.
Any local business that would like to apply to supply goods or services to the project during construction should contact the Community Liaison Officer for more information on the requirements in order to be registered on the project database.
Any local business or individual that would like apply for business support in order to improve the functionality of their business should contact the Economic Development Manager for more information.
The Loeriesfontein 2 Renewable Energy Community Trust owns 5% of the Wind Farm. Established through loans from the Development Bank of South Africa (50%) and company shareholder’s (50%), the trust will invest in community education, health, agriculture, sports and cultural, and social welfare development once the loan has been repaid.