Image: Filiz Elaerts/Unsplash
The EIB and the DBSA are each investing €100 million in sustainable energy projects in South Africa’s private sector.
The funding follows a €400 million funding round announced at COP27 in 2022 for DBSA’s embedded generation investment programme. The program focuses on small and medium-sized onshore solar and wind energy projects developed by independent energy producers in South Africa.
The projects supported under the latest investment are expected to produce 384 MW of energy capacity.
DBSA CEO Boitumelo Mosako said previously funded projects are now starting to come online and contribute to the electricity grid.
In July 2024, South African President Cyril Ramaphosa said the country has more than 22,500 MW of renewable energy products in the pipeline, and upcoming projects are expected to generate around ZAR400 billion ($22.6 billion) in new private investment.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
