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African Development Bank

African Development Bank bolsters South's clean energy transition

Mon, 12/10/2018 - 00:00 -- Hugh Finzel

The African Development Bank (ADB) has approved a ZAR 3 billion (US$220 million) loan to help realise South Africa’s Redstone Concentrated Solar Power Project.

Located in Humansrus Solar Park in the Northern Cape Province, the 100MW Redstone Solar Power Project is expected to generate 466GWh of energy a year, thereby improving South Africa’s power supply, and assisting the country in its transition away from coal power, which currently makes up 82% of its energy mix.

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