11/15/2011
South Africa - Concentrated solar thermal power and wind turbines for South Africa get a boost
The World Bank is getting behind two 100-megawatt renewable energy projects in South Africa – one concentrated solar energy, the other wind energy – with a $250 million loan to the national utility Eskom.
The new financing comes on top of $260 million the bank is already putting into those two projects as part of the $3.75 billion Eskom Investment Support Project approved in April 2010. Most of the rest of that money is earmarked for the under-construction, coal-burning, 4,800-MW Medupi Power Station. That plant will use supercritical technology, where extremely hot steam drives higher efficiencies and cleaner performance, but the World Bank said it also wants to jumpstart renewables development in the country.
“Africa is beginning to grow and the problem of energy insecurity is dampening that growth,” Obiageli K. Ezekwesili, World Bank vice president for the Africa region, said in a statement. “By investing in these cutting-edge, transformational solar and wind power projects, we are saying that Africa can lead the way in securing a clean energy future.”
The utility-scale solar plant that gained new backing is targeted for Upington in Northern Cape province, and will use concentrating solar power technology. The wind power project is to be located in Sere, about 180 miles north of Cape Town.
“Africa is rich in sources of renewable energy, and broadening the existing mix to include renewables is essential for sustainable development of the energy sector,” said Jamal Saghir, World Bank director for sustainable development for the Africa region. “Once implemented, these pioneering energy projects will provide powerful demonstrator effects for the benefit of Africa’s largest economy and beyond.”
For more information on this article or if you would like to know more about what www.windfair.net can offer, please do not hesitate to contact Trevor Sievert at ts@windfair.net
www.windfair.net is the largest international B2B Internet platform – ultimately designed for connecting wind energy enthusiasts and companies across the globe!
Errol
The new financing comes on top of $260 million the bank is already putting into those two projects as part of the $3.75 billion Eskom Investment Support Project approved in April 2010. Most of the rest of that money is earmarked for the under-construction, coal-burning, 4,800-MW Medupi Power Station. That plant will use supercritical technology, where extremely hot steam drives higher efficiencies and cleaner performance, but the World Bank said it also wants to jumpstart renewables development in the country.
“Africa is beginning to grow and the problem of energy insecurity is dampening that growth,” Obiageli K. Ezekwesili, World Bank vice president for the Africa region, said in a statement. “By investing in these cutting-edge, transformational solar and wind power projects, we are saying that Africa can lead the way in securing a clean energy future.”
The utility-scale solar plant that gained new backing is targeted for Upington in Northern Cape province, and will use concentrating solar power technology. The wind power project is to be located in Sere, about 180 miles north of Cape Town.
“Africa is rich in sources of renewable energy, and broadening the existing mix to include renewables is essential for sustainable development of the energy sector,” said Jamal Saghir, World Bank director for sustainable development for the Africa region. “Once implemented, these pioneering energy projects will provide powerful demonstrator effects for the benefit of Africa’s largest economy and beyond.”
For more information on this article or if you would like to know more about what www.windfair.net can offer, please do not hesitate to contact Trevor Sievert at ts@windfair.net
www.windfair.net is the largest international B2B Internet platform – ultimately designed for connecting wind energy enthusiasts and companies across the globe!
Errol
- Source:
- Online Editorial www.windfair.net
- Author:
- Posted by Trevor Sievert, Online Editorial Journalist
- Email:
- ts@windfair.net
- Link:
- www.windfair.net/...
- Keywords:
- Gamesa, wind, wind energy, wind turbine, rotorblade, awea, ewea, wind power, suppliers, manufacturers; trevor sievert
