Home News International News Abengoa gets funding for US$ 884 m ​n​ solar thermal plant in...

    Abengoa gets funding for US$ 884 m ​n​ solar thermal plant in SA

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    $884 million solar thermal power project in SA led by Abengoa
    $884 million solar thermal power project in SA led by Abengoa

    AN $884 million solar thermal power project in South Africa led by Abengoa has obtained funding from multilateral and commercial banks, according to the African Development Bank (AfDB). The 100-megawatt Xina Solar One in the Northern Cape would receive $142m in loans from the AfDB.

    The project, the third promoted by the Spanish firm in South Africa, is one of five such plants contracted under the government’s clean energy bidding programme.It will use concentrated solar technology, where mirrors focus sunlight to produce steam and spin turbines. South Africa is seeking to add 6 925MW of capacity by 2017 through the renewable-energy tenders in an effort to reduce reliance on coal.

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