News flash
- SolarAfrica has reached financial close for its SunCentral 1 – which represents the first 114 MW of the company’s utility-scale solar farm.
SunCentral is a solar photovoltaic (PV) plant located in the Northern Cape, being developed by SolarAfrica Energy. With Phase 1 consisting of 342 MW, the project aims to sell renewable energy to a diverse portfolio of corporate buyers in collaboration with Enpower, a NERSA-approved Energy Trader. The total capex for SunCentral 1 is valued at R1.8 billion.
Charl Alheit, Chief Investment Officer of SolarAfrica Energy, commented, “Reaching financial close on the first 114 MW of our utility-scale wheeling development and Main Transmission Substation (MTS) investment marks a significant milestone in our commitment to advancing sustainable energy solutions for our customers in the commercial and industrial sectors.”
Founded in 2011, SolarAfrica provides a suite of capex-free green energy solutions to the commercial and industrial sectors in Southern Africa. The holistic suite includes on-site solutions such as solar energy and battery storage together with virtual solutions like wheeling, trading and aggregation.
Author: Bryan Groenendaal
