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SolarAfrica reaches financial close on first 114 MW of utility-scale solar PV project in South Africa

Summary by intellinews.com
South African independent power producer (IPP) SolarAfrica has advanced the development of its flagship ZAR1.8bn ($97.7mn) utility-scale solar project, SunCentral, in the Northern Cape province of South Africa.

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intellinews.comintellinews.com

SolarAfrica reaches financial close on first 114 MW of utility-scale solar PV project in South Africa

South African independent power producer (IPP) SolarAfrica has advanced the development of its flagship ZAR1.8bn ($97.7mn) utility-scale solar project, SunCentral, in the Northern Cape province of South Africa.

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SolarAfrica Nets USD 98 M To Kickstart 1GW Solar Project In South Africa

SolarAfrica has secured USD 98 M in funding to implement the first phase of its 1 GW SunCentral solar project in South Africa. The investment, backed by Investec and RMB, will support the development of the project’s first 144 MW component, marking a significant milestone for the independent power producer. Located between Hanover and De Aar in the Northern Cape, SunCentral is a large-scale solar photovoltaic (PV) plant set to be developed in th…

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Legal DesireLegal Desire

DLA Piper advises SolarAfrica Energy on the financing of its 114 MW SunCentral 1 PV Plant and Main Transmission Substation

DLA Piper has advised longstanding client, SolarAfrica Energy, on the ZAR2.2 billion debt and preference share financing, provided by two South African banks, for the development of phase one of its SunCentral photovoltaic plant and the construction and installation of its main transmission substation (MTS). Phase one of the plant, which will generate 114 MW of solar power, will provide power on a one-to-many basis, meaning a wider pool of busin…

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intellinews.com broke the news in on Wednesday, February 26, 2025.
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