SOUTH AFRICA – NORTHERN CAPE – POSTMASBURG – INVESTMENT 01 MAR 2022 (09:15)

Premier Zamani Saul has announced that work is progressing at the Redstone Concentrated Solar Power Project in Postmasburg, which is expected to bring additional power to the country’s energy network. Saul stated that the project comprises 100 Megawatts of Concentrated Solar Power (CSP). The plant will be constructed over 31 months, achieving full commercial operation by October 2023. It will be capable of producing approximately 480 gigawatt-hours (GWh) net of renewable energy annually, with a nominal net generating capacity of approximately 100 megawatts (MW). The Project’s Sponsors are ACWA Power and SolarReserve. ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants with operations in twelve countries in the Middle East, North Africa, Southern Africa and South-East Asia regions. The Redstone CSP Project is expected to have 12 hours of full-load energy storage, enabling the power plant to reliably deliver a stable electricity supply to more than 200,000 citizens during peak demands.

www.willshir.com – 2022©️Willshir & Associates – Business Intelligence Program