Joy for solar as bank backs South Africa projects with $1bn

The Development Bank of Southern Africa (DBSA) heavily backed solar when it approved loans totalling 9.6bn rand ($1.1bn) for 14 renewables projects in South Africa.

The DBSA says the 897MW of projects are among the 28 successful preferred bidders in the first round of South Africa's Renewable Energy Independent Power Producers Programme (REIPPP), launched last year.

The PV projects approved for DBSA loans include the De Aar and Droogfontein projects, both about 48MW, along with the 75MW Kathu and Lesedi developments.

The CSP developments at Bokpoort, Abengoa Khi and Touwsrivier are also among those on the list.

But there is only one wind farm approved for a loan – the 134MW Jeffrey’s Bay project.

The total 896.5MW of capacity represents…

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