Construction is currently in progress at the Redstone Concentrated Solar Power Project, which is situated in the Humansrus Solar Park, in the Northern Cape, between Tsanstabane and Kgatelopele. 100 megawatts (MW) of electricity will be added to the national grid after construction concludes, expectedly in 2023. By 2024, the [...]
The Redstone Solar Plant is in the Humansrus Solar Park between Tsanstabane and Kgatelopele in the Northern Cape, with construction underway. On completion, which is expected around 2023, 100 megawatts (MW) of power will be added to the national grid. The plant will be operational by early 2024. The South [...]
The The Redstone Concentrated Solar Plant is located between Tsanstabane and Kgatelopele in the Northern Cape. Construction is currently at 45.5 percent completion. Once complete the solar plant will contribute 100MW to the national grid. Concentrated Solar Plant is located between Tsanstabane and Kgatelopele in the Northern Cape. Construction [...]
Awarded to ACWA Power and SolarReserve in 2015 under South Africa's REIPPP programme bid window 3.5 - which was specifically created for CSP projects - the Redstone Concentrated Solar Power Project will produce 480,000MW of clean energy annually. The project was signed in 2018 and started construction in May 2021. [...]
Northern Cape premier Zamani Saul says work is progressing at the Redstone Concentrated Solar Power Project in Postmasburg, which is expected to bring additional power to the country’s energy network. In his state of the province address on Thursday (24 February), Saul said the project is one of the largest [...]
Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone [...]
CDC Group is coming to South Africa to announce a direct investment in a sustainable development project. The British government’s financial institution is providing $50 million for the construction of the Redstone Concentrated Solar Power (CSP) plant. The project is being developed by Saudi Arabian company Acwa Power. The independent [...]
SolarPACES interviewed Bernard Geldenhuys, the Senior Transactor in the Power and Infrastructure team at Investec Bank, a lender with 8,300 employees that has been closely involved in the 100 MW Redstone solar power tower since 2018, when its delayed PPA was signed with Eskom, as the first commercial bank to [...]
ACWA Power has led South Africa’s largest renewable energy project Redstone CSP to financial close The ZAR 11.6 billion Redstone concentrated solar power plant will power 200,000 households upon completion Redstone CSP Closes Financing May 2021 – ACWA Power Commercial operation scheduled to start in Q4 2023 ACWA Power, a [...]
The African Development Bank (AfDB) has approved a senior loan of ZAR3bn ($221m) to the 100MW Redstone Concentrated Solar Power (CSP) Project, which is expected to improve South Africa’s energy mix and accelerate the transition to renewable energy. The solar power project, located in the Humansrus Solar Park, Northern [...]
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 [...]
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 [...]
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 [...]
