South Africa: Opic to fund Redstone CSP

Issue 310 - 23 Oct 2015
The US Overseas Private Investment Corporation (Opic) on 20 October signed an agreement with US energy developer SolarReserve and Saudi Arabia’s Acwa Power for $400m of debt financing to support the development of the 100MW Redstone concentrating solar power (CSP) project in the Northern Cape. The plant, at Postmasburg near SolarReserve’s Jasper and Lesedi projects, will use molten salt storage technology to deliver consistent baseload electricity even after the sun sets. The project was awarded under the third round of South Africa’s renewable energy independent power producer procurement programme.

Want to read more?

Subscribe to African Energy

View subscription options

This article is available to registered users


Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map


Need help?

A member of our team will be pleased to assist you

Sales – Alex Wark

Support – Tara Mulvey

Tel: +44 (0)1424 721667