Alongside a consortium of lenders, CDC will provide senior debt to finance the construction of a 100MW Concentrated Solar Power (CSP) project in South Africa. The project will have storage capacity of 12 hours, dispatchable during peak times when energy demand (and supply cost) is highest.
Once complete, the project will deliver 100MW of concentrated solar power generation to displace expensive, high carbon diesel power in South Africa, reducing GHG intensity. The project will also demonstrate the commercial viability of CSP tower technology to enable a more significant long run reduction in GHG emissions.
Environmental and social aspects
CDC, together with other lenders, will work with the company to put in place effective E&S management practices in accordance with international standards.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Africa
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Debt
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- July 2019
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- South Africa