|Approval Date||29 Nov 2018|
|Signature Date||31 Jul 2019|
|Sovereign / Non-Sovereign||Non Sovereign|
|DAC Sector Code||23230|
The Redstone Concentrating Solar Power Plant (CSP) Project is designed to design, build, operate and maintain a 100 MW capacity concentrated solar power plant. It is expected to close the energy supply gap, reduce dependence on coal, limit carbon emissions, create local jobs, and develop a national solar energy industry. Redstone's capacity will be increased, with a thermal storage potential increased to 12 hours (1,200 MWh), a relatively economical option compared to battery storage used in photovoltaic solar power plants. The thermal storage system will allow the Redstone CSP (100 MW) to operate at full capacity for 12 hours in the absence of solar radiation (after sunset or on temporary cloudy days). The project will provide the country with access to clean energy and reduce peak-hour production costs, and will be carried out by experienced private sector developers and contractors, particularly ACWA and Solar Reserve.
The purpose of the project is to add 100 MW of new, reliable, dispatchable, solar energy generation capacity, thus closing the energy supply gap, reducing dependence on coal, saving carbon emissions, generating local employment, and building a domestic solar power industry.
The main beneficiaries of the project are the people of the Northern Cape Province and ultimately all the people of South Africa.
African Development Bank
|Last Update||30 Sep 2020|