An EIB spokesman told Recharge the bank is funding the project through DBSA as an intermediary. “Typically we would finance up to 50% of such a project with others brought in to finance the rest of the development,” he says.
The KaXu project will use parabolic-trough technology combined with a molten-salt storage system with three hours of storage capability.
Spanish CSP specialist Abengoa is also developing another 100MW parabolic-trough plant, Xina Solar One, and a 50MW power-tower, Khi, following its success in South African renewable energy tenders.
