Europe finances 100 MW CSP project in South Africa


The European Investment Bank (EIB) has provided a €75 million (ZAR1.05 billion/$100 million) loan to South African public utility Eskom for the construction of a 100 MW CSP project near Upington, in the Northern Cape province.

The EIB has already provided €220 million of financing for the neighbouring Ka Xu CSP plant, with the final tranche of funding supplied via the Development Bank of South Africa, in June.

The Upington project is being co-financed by the African Development Bank, French development agency the AFD, German counterpart KfW, the Clean Technology Fund and the World Bank.

Eskom is the largest producer of electricity in Africa and operates the only nuclear power station on the continent, at Koeberg in the Cape province.

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:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

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.