- R1.5bn ($93mn) secured for 114MW solar plant
- Project aims to stabilise energy costs
PRETORIA, SOUTH AFRICA – SolarAfrica has secured $93mn in financing to build a 114-megawatt solar plant in the Northern Cape, strengthening South Africa’s renewable energy push and corporate power security.
The funding, provided by RMB and Investec Bank Limited, brings the company to financial close on SunCentral 2, the second 114MW facility in its flagship utility-scale solar development. First power is expected in 2026.
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