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South Africa : AFRICAN DEVELOPMENT BANK approves loan to fund its first solar plant in SOUTH AFRICA

July 4, 2014

The African Development Bank has announced the approval of a $142m loan to assist fund the set up of a 100-megawatt (MW) concentrating solar power plant in South Africa.

Spanish company Abengoa headed a consortium. It has been selected to construct the $908m, parabolic trough solar plant, called Xina Solar One, in Northern Cape Province.

It will be situated alongside another constructed by Abengoa, KaXu Solar One. According to Abengoa, the two 100MW plants will make the biggest solar complex in Africa.

Abengoa commented that Xina Solar One would generate sufficient clean energy to power 90,000 households. Parabolic trough technology employs parabolic-shaped mirrors that track the movement of the sun and concentrate solar radiation onto a fluid-filled tube.

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Source: TendersInfo (India)

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