MIGA backs 100 MW KaXu Solar One solar power plant in South Africa
MIGA, a member of the World Bank Group, has issued US$98.6 million in guarantees to Atlantica Yield PLC for the ownership and operation of the 100 MW KaXu Solar One solar power plant in South Africa. The Agency is providing protection from Breach of Contract, future returns and investments into the project.
KaXu is located in the Northern Cape Province in South Africa and was awarded in 2011 as part of the First Round Bid window of South Africa’s Renewable Energy Independent Power Producer Program (REIPPP). The plant has been operating since 2015.
The concentrated solar thermal plant collects solar energy using parabolic trough technology and convert it into electricity in the steam cycle. Through a built-in molten salt storage system or the thermal energy storage (TES), the plant has a capacity to store energy during off peak hours and dispatch it during peak hours.
The facility serves 330,000 households in Northern Cape region and avoids annual greenhouse gas emissions of 315,000 tons.
Country updates
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August 19, 2019
Actis announces acquisition of BioTherm Energy and its renewable energy assets
Actis has acquired BioTherm Energy (BioTherm), a South Africa-based, pan-African renewable energy businesses, from Denham Capital, a global private equity firm. BioTherm consists of a strong Johannes...
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July 29, 2019
AIMM closes African Infrastructure Investment Fund 3
African Infrastructure Investment Managers (AIIM) has reached the financial close of its flagship pan-African infrastructure fund, AIIF3, which raised US$320 million from a diverse investor base...
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July 08, 2019
Mainstream completes part of the construction of 110 MW Perdekraal East wind project in Western Cape
Mainstream Renewable Power has completed part of the work at the 110 MW Perdekraal East wind farm project located in Cape Winelands District and Witzenberg Local Municipalities of the Western Cape, So...
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July 05, 2019
Enel Green Power begins construction on 140 MW Garob wind project in South Africa
Enel, through its renewable subsidiary Enel Green Power RSA (EGP RSA), has started construction on its 140 MW Garob wind farm located near the town of Copperton, which is part of the Siyathemba Local...
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June 24, 2019
Vestas to deliver EPC solution for 35 MW wind project in Eastern Cape
Vestas has been commissioned by EDF Renewables to deliver a full engineering, procurement and construction (EPC) solution for the 35 MW Wesley wind project located at the Eastern Cape. The...
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