The IFC partnered with Abengoa Solar in South Africa to provide an innovative financing package to support the construction of the region’s first concentrated-solar power (CSP) plants.
Concentrated solar power projects approved under the South African Renewable Energy Independent Power Producer Procurement (REIPPP) Programme have been progressing well as banks across the world are approving loans.
KaXu Solar One is South Africa’s first concentrated solar power plant using parabolic trough technology.
