Solar energy is gaining ground in the Western Cape, with two major solar projects announced for the province this week alone. It comes as private-sector players look to reduce their dependence on embattled Eskom. Moneyweb SolarEnergy Matshoba_A
Solar energy is gaining ground in the Western Cape, with two major solar projects announced for the province this week alone. It comes as private-sector players look to reduce their dependence on embattled Eskom. According to announcements made by private sector players, the small railway town of Touws River will be home to three 75MW solar PV farms, while a deal between a foundry operator and an energy solutions company will birth the province’s largest embedded generation solar project yet.
In the other announcement this week, Prescient Investment Management confirmed its partnership with H1 Holdings to invest R220 million in the building of a solar farm in Grootfontein, which is planned to go live in 2025. According to the investment company, the project – said to have the potential to power 100 000 households once completed – will be funded by Prescient’s Clean Energy Fund. The fund has already invested in 31 renewable energy projects and already contributed to 2.
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