Engie finalizes investment in 100 MW Xina Solar One CSP project in Northern Cape
French multinational utility company Engie has completed the acquisition of Abengoa’s indirect stake in Xina Solar One.
Following completion of the transaction, Engie now holds a 40% equity stake in the Xina Solar One 100 MW concentrated solar power (CSP) plant, as well as a 46% stake in the Xina Operations & Maintenance Company.
The Xina Solar One plant, located at Pofadder, in the Northern Cape, provides about 400 GWh of clean, sustainable and dispatchable electrical energy to 95,000 South African households and prevents the emission into the atmosphere of about 348,000 t/y of carbon dioxide each year.
Country updates
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November 01, 2021
Frazer solar signs a contract to develop a 100 MW solar PV project in Matsapha
Frazer Solar has signed a 40-year contract with the government of Eswatini, also known as Swaziland, to build a 100 MW solar photovoltaic park with energy storage located at the Edwaleni hydropow...
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October 19, 2021
IDEAS fund completes capital increase of USD371.9 mn
African Infrastructure Investment Managers (AIIM) has completed a capital increase of ZAR5.5 billion (US$371.94 million) for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS)...
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September 27, 2021
55 MW Greefspan II solar PV project in Northern Cape reaches commercial operation
The Greefspan-II solar PV farm in South Africa, with a capacity of 55 MW AC/63.2 MW DC, has reached the commercial operation date (COD). GRS, part of Spanish solar and storage-focused group Gransolar...
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July 27, 2021
Enel commissions 140 MW Oyster Bay wind project in Eastern Cape
Enel SpA has commissioned the 140 MW Oyster Bay wind farm located in the Eastern Cape province of South Africa. Every year, the facility will generate over 568 GWh and prevent 590,000 tons of CO²...
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May 18, 2021
ACWA Power closes financing of 100 MW Redstone concentrated solar power (CSP) project in Postmasburg
ACWA Power, the lead shareholder in the Redstone concentrated solar power (CSP) plant, has commenced the construction of the 100 MW Redstone project following achievement of a financial close. At ZAR1...
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