The Overseas Private Investment Corporation (OPIC) says it will back a 60MW plant that will help diversify South Africa’s electricity generation beyond its heavy coal concentration.
The OPIC financing will enable two US companies, MEMC and its subsidiary SunEdison, to construct and operate a PV plant in Boshoff in South Africa’s Free State province.
All electricity generated by the plant will be sold to the national grid through a power-purchase agreement.
The
