The funds, which will be funneled through the African Development Bank (AfDB) and the World Bank-managed Clean Technology Fund, will enable Eskom to start construction in early 2012 at the 100MW Sere wind farm, and begin development of a 100MW solar-thermal project planned for Upington.
Further funding from multilateral financing institutions is expected for both projects.
The loans will “enable the first large-scale implementation of renewable wind and solar generation in Eskom’s history”, according to AfDB president Donald Kaberuka.
“These
