With a total investment of approximately $1bn needed, construction of Xina Solar One has already begun and the plant will come online in the third quarter of 2017, said Abengoa.
The plant – located at Pofadder, in the Northern Cape Province, and using parabolic trough technology – will supply power to Eskom, South Africa's power utility, under a 20-year PPA.
Financing comes from the African Development Bank, the International Finance Corporation, Industrial Development Corporation and the Development Bank of Southern Africa, plus local private banks such as RMB, Nedbank and ABSA.
Xina
