中文  |  ENGLISH

Home > Market > South Africa > Here

AfDB approves $221m loan for 100 MW Redstone Concentrated Solar Power project in South Africa

2018.12.05     From: HELIOSCSP

The African Development Bank (AfDB) has approved a senior loan of ZAR3bn ($221m) to the 100MW Redstone Concentrated Solar Power (CSP) Project, which is expected to improve South Africa’s energy mix and accelerate the transition to renewable energy.


The solar power project, located in the Humansrus Solar Park, Northern Cape Province of South Africa, is expected to generate 466GWh/year.


This will compensate for the operation of diesel-fueled Open Cycle Gas Turbine (OCGT) at peak demand, avoiding carbon dioxide (CO2) emissions from fossil fuels.


The project is also expected to improve South Africa’s power supply and access to energy, and diversify the energy mix, of which coal currently constitutes 82%.


The Redstone CSP project is one of 27 renewable energy Independent Power Producer (IPP) projects under the Renewable Energy Independent Power Producer (REIPPP) program.



The Redstone project will be located in the Northern Cape Province.


After commissioning, the project is expected to create more than 3,500 jobs over its life cycle.


The project is also expected to fulfill South Africa’s social development requirements on citizens employed, Black Economic Empowerment, procurement from SMEs, local content, and shareholding by local communities.


The Redstone CSP project will feature a 12-hour molten salt thermal energy storage system, which will enable it to meet peak electricity demand in the absence of sun, and allow for dispatch to adapt generation to electricity demand.


As part of the project, a 132kV switching station, and a 34km single circuit 132kV transmission line will be constructed.


The project is aligned with AfDB’s 10-year strategy, The New Deal for Energy in Africa, under the Hi5 Priority to ‘Light Up and Power Africa’, and the South Africa Country Strategy Paper, which supports economic transformation for inclusive growth and job creation.


This project is also in line with the bank’s green growth strategy, energy strategy and private sector development strategy intended to finance clean renewable energy projects, increase access to energy, and reduce dependence on carbon-intensive power generation.


The Redstone CSP project is expected to contribute to the South African government’s efforts to implement its nationally determined contribution (NDC) by pursuing investments in renewable energy and energy efficiency to mitigate CO2 emissions.


In July, Saudi Arabian renewable energy developer ACWA Power had signed an investment agreement with state-owned Central Energy Fund of South Africa for the CSP project.




Upcoming CSP events:


CSP Focus China 2019(Mar.21-22, Beijing)

CSP Focus MENA 2019(Jun.26-27, Dubai)


More CSP news and reports please visit www.cspfocus.cn 

or CSP Focus social media on LinkedInTwitterFacebook


Leave your thoughts here

Free Reports

See more+
  • Dubai 950MW NOOR Energy 1 CSP+PV Project

    Updating--Apr., 2019 Edition12 pages in total1. Overview (P2-3)2. Fact sheet (P4)3. Project Milestones (P5-6)4. Investment and Cost Breakdown (P8)5. Project Participants 5.1. Developer ‐‐‐ Noor Energy 1 (P9) 5.2. Owner & Investor ‐‐‐ Dubai Electricity and Water Authority (DEWA) (P9) 5.3. Owner & Investor ‐‐‐ ACWA Power (P9) 5.4. Owner & Investor ‐‐‐ Silk Road Fu

  • Morocco NOOR Ouarzazate 510MW CSP Project Report

    Updating--Feb., 2019 Edition20 pages in totalLocated in Ouarzazate Morocco, NOOR Ouarzazate (NOORo) is one of the biggest solar energy complex in the world. Consisting of four phases, NOORo project is part of Moroccan Renewable Energy Plan, which aims to 42% of RE installed capacity in national energy mix in 2020, and 52% in 2030 in Morocco. The NOORo I, II and III are CSP projects, with total cap

  • Suppliers List of China Key CSP Projects (Updating)

    13 key concentrated solar power projects in China undergoing:Shouhang Dunhuang 100MW Molten Salt Parabolic Trough ProjectRoyal Tech Yumen 50MW Parabolic Trough ProjectDCTC Dunhuang 50MW MS CLFR ProjectRayspower Yumen 50MW Trough ProjectCNNC Royal Tech Urad 100MW Parabolic Trough ProjectSupcon Delingha 50MW Molten Salt Tower ProjectLuNeng Haixi 50 MW Solar Thermal Tower Plant ProjectPower C

  • CSNP Royal Tech Urat 100MW Parabolic Trough CSP Project

    Updating--Feb., 2019 Edition8 pages in totalAs one of the first batch of 20 pilot CSPprojects, CSNP Royal Tech Urat 100MW Parabolic Trough CSP Project is thelargest trough plant within the pilot projects, in terms of installed capacity.1. Overview (P2)2. Fast sheet (P2-3)3. Highlights (P3)4. Project Milestones (P4)5. Project Participants 5.1. Developer--Inner Mongolia China Nuclear Royal Tech C

Upcoming Events

See more+

Project Updates

See more+

CONTACT US

Tex:+86-21-6111 0177

Email:csp@cspfocus.cn


备案/许可证编号为:沪ICP备17051021号

Wechat public platform

Follow CSP Focus for more news