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Investec, Nedbank finance new 74 MW solar PV project

Engineering News – ONLINE

01 July 2013

Investec Corporate and Institutional Banking and Nedbank Capital on Monday announced the financial close of a new 74 MW solar photovoltaic (PV) project in the Northern Cape.

Acciona Energy South Africa and Aveng Africa aimed to build and operate the solar PV plant – through R1.8-billion of senior debt arranged by the institutions – and sell the full capacity to State-owned power utility Eskom under a 20-year power purchase agreement.  Read more here

 

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