South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down

Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa to date. The African Development Bank acted as the Mandated Lead Arranger (MLA) and Coordinating Bank for the Z…

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