PIC

Abengoa, IDC and PIC inaugurate Xina Solar One, their third concentrated solar power plant in South Africa

XiNa Solar One, with a capacity of 100 MW, provides clean, sustainable and dispatchable electrical energy to 95 000 South African households, especially in peak hours, thanks to its 5½ hours storage system. The power plant provides renewable energy to a country that is still heavily dependent on fossil fuels. [...]

PIC pours USD 1.8bn in Concentrated Solar Power (CSP) projects in South Africa

The Public Investment Corporation (PIC) of Africa plans to invest 22 billion rand ($1.8 billion) in two South African concentrated solar power plants.