South Africa: Bokpoort CSP refinanced

Investec announced on 15 December that the 50MW ACWA Power Solafrica Bokpoort concentrated solar power plant has been refinanced, in what the bank said was the largest infrastructure refinancing to have taken place in the country. The R5bn ($335m) transaction was led by Investec and took place as part of efforts by the government and IPP Office to reduce tariffs by sharing the proceeds of refinancing.