IFLR1000

Redstone 100MW Solar Thermal Power Project

8/1/2015
Project development, Project finance
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ZAR 10 billion

$ 667.846 million

Announced

8/1/2015

Overview:

  • The Redstone 100MW Solar Thermal Power Project a tower facility project in the Northern Cape Province of South Africa. 
  • It is part of the Renewable Energy Independent Power Producer Procurement Programme’s (REIPPPP) third round.
  • When complete, it will produce 480,000MW-hours annually. 
  • The project has been financed by ZAR2.4 billion of equity investment and ZAR5.6 billion of debt provided by local and international lending institutions including DFIs.

John Crabb - Journalist - EMEA

Jurisdiction:

South Africa

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

South Africa

Industry sector:

Energy

Firms:
Webber Wentzel

Party: International Finance Corporation (IFC) (Lender)

Party: Standard Bank of South Africa (Lender)

Party: Nedbank (Lender)

Party: KfW (Lender)

Party: Overseas Private Investment Corporation (OPIC) (Lender)

Werksmans Attorneys

Party: ACWA Power (Project developer)

Party: SolarReserve (Project developer)

Lawyer: Chris Moraitis

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