OPICs board of directors approved the financing for the 60 MW photovoltaic plant, which will be constructed and operated by MEMC and its subsidiary SunEdison in Boshoff. The generated electricity will be sold to the national grid through a power purchase agreement.
The plant will be built under South Africas Renewable Energy Independent Power Producer Program (REIPP), which aims to have 3.725 GW online by 2016. "By involving two local firms as co-sponsors along with its U.S. investors, the project will also help South Africa meet the Black Economic Empowerment (BEE) objectives of the program," said OPIC in a statement released.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
Becky Beetz
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.