Redstone

$658m deal signed to 100 MW Redstone concentrated solar power (CSP) plant in South Africa

Saudi company ACWA Power, which operates in the fields of power generation and desalination in more than 10 countries, has announced plans to invest $658 million in South Africa. An announcement on Friday said this will help to boost trade and investment links between Saudi Arabia and the African [...]

South Africa’s Redstone Concentrated Solar Power project gets power purchase agreement

The South African government has finally signed a power purchase agreement (PPA) for SolarReserve and ACWA Power’s 100 MW Redstone CSP project, ending more than two years of delays. South African energy minister Jeff Radebe confirmed the news on Twitter. He announced that the South African government had signed [...]

Eskom to sign Redstone Concentrated Solar Power in South Africa

At the Energy Indaba in Johannasburg, South Africa’s new Energy Minister, David Mahlobo announced that he has now signed off on the 27 outstanding renewable energy contracts that the state-owned electricity company Eskom has failed to honor for a year and a half, including Redstone. ACWA Power South Africa Deputy [...]

Acwa’s Redstone concentrated solar power project hits cost roadblock in South Africa

Riyadh’s Acwa Power together with the US company SolarReserve is developing the Redstone project, a molten salt central receiver in the Northern Cape province of South Africa. This is the first in the continent of a new generation of solar plants that are garnering interest around the world. The technology [...]

Why ACWA’s active in South African Concentrated Solar Power market?

Head-quartered in Saudi Arabia, ACWA Power is a world leading developer, investor, co-owner and operator of a portfolio of power generation plants. Positioning as a major player in global renewable energy sector has been a crucial part of ACWA’s strategy. In concentrated solar power domain, the giant makes the whole [...]