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The project will supply an estimated 179,000 households with renewable energy and will save six million tonnes of CO2 emissions over a 20-year-period.
Harnessing power from the sun
The plant uses 384,000 large mirrors to reflect sunlight and concentrate the energy from the sun to drive traditional steam turbines that create electricity.
A power partnership
We partnered with Engie as co-developers originally, and later participated in both the equity and debt financing of the project. Investec’s infrastructure financing experience assisted in ensuring the project’s bankability at all stages of project establishment.
Fazel Moosa, Consultant, Power and Infrastructure Finance, Investec.
About the author
Digital content specialist
Lenyaro is a key member of Investec's Global Content team, based in Johannesburg, who focuses on relevant and topical issues for internal and external audiences including clients. She is a well-travelled multi-skilled multimedia journalist who previously held roles within eNews Channel Africa (eNCA) and Eyewitness News (EWN).