Saudi-owned ACWA Power starts to build Africa’s biggest renewables project

ACWA Power’s co-shareholders in the $825mln project that will have the capacity to generate 100MW of power

  
Saudi Acwa Power-generating windmills are pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco, June 29, 2018. Image used for illustrative purpose.

Saudi Acwa Power-generating windmills are pictured in Jbel Sendouq, on the outskirts of Tangier, Morocco, June 29, 2018. Image used for illustrative purpose.

REUTERS/Youssef Boudlal
 
DUBAI: ACWA Power has started construction on the Redstone concentrated solar power (CSP) plant in South Africa, the biggest renewables project on the continent.

ACWA Power’s co-shareholders in the $825 million project that will have the capacity to generate 100MW of power, include the Central Energy Fund, Pele Green Energy and the local community.

Located in the Northern Cape Province of South Africa, the Redstone plant will be equipped with a 12-hour thermal storage system that will deliver clean and reliable electricity to nearly 200,000 households round the clock, the company said. Commencement of operations is scheduled for the fourth quarter of 2023.

“Redstone CSP adds another superlative to our budding record in South Africa, being the largest renewable energy investment to date,” said CEO Paddy Padmanathan. “As grid links are improved, the ingenuity of the private sector together with the great support of experienced finance partners has the potential to spark lasting impact for local communities and address the threats of climate change.”

Redstone CSP will displace an estimated 440 metric tons of CO2 emissions per year, ACWA said.

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