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DBSA approves US$980 million of loans for South African solar projects

24 October 2012:

PV Tech Online:

The Development Bank of Southern Africa (DBSA) has approved loan facilities worth R9,668.50 billion (US$980 million) earmarked for 13 solar projects in South Africa. Combined, the projects have a total capacity of 762.6MW.

Of the 13 projects, eight are PV projects, four are concentrated solar power (CSP) projects and one is a concentrated photovoltaics (CPV) project. The eight PV projects — which will all be built on the Northern Cape bar one which will be located in the Free State — have a combined capacity of 426.6MW and require an investment of R3,238.5 billion. Read more…

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