Clean energy developer announced is has closed on financing for three solar photovoltaic projects in South Africa with a combined capacity of 273 MW, enabling construction to begin in the first quarter of 2024.
Six private renewable energy developers have signed 20-year power-purchase agreements with South Africa's state-owned utility Eskom for 13 solar photovoltaic projects across the country.
Tri-State Generation and Transmission Association will build a 100-MW solar project near Trinidad, Colo., that will meet the energy needs of 28,000 rural homes.
A total of $42 million will be invested to improve solar photovoltaic performance, reliability and manufacturabilit, and enable greater market penetration for solar technologies.
Facing a challenging political landscape, solar firms continue to add unprecedented amounts of photovoltaic capacity to the nation's power supply at increasingly lower costs.