Droogfontein 2 Solar PV Plant
Sector: Solar • Location: South Africa
Source: World Bank Group
The project entails the construction of the 86.2MW Droogfontein 2 solar PV plant, located in the Sol Plaatje Municipality in the Northern Cape Province of South Africa.
Sponsors of the project are OMLACSA - Part of Old Mutual Group (50.01%); African Rainbow Energy and Power (15%); Phakwe Group (15%); Reatile (15%); Local Community (4.99%)
The facility benefits from a 20-year PPA with national
- Status
- Prospective
- Sector
- Solar, Power Generation (CCGT), Power Transmission, Government, Commercial
- Location
- South Africa
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the construction of the 86.2MW Droogfontein 2 solar PV plant, located in the Sol Plaatje Municipality in the Northern Cape Province of South Africa. Sponsors of the project are OMLACSA - Part of Old Mutual Group (50.01%); African Rainbow Energy and Power (15%); Phakwe Group (15%); Reatile (15%); Local Community (4.99%) The facility benefits from a 20-year PPA with national Utility Eskom. The total value of the project is $124.7 million with a debt-to-equity ratio of 77:23. The debt was provided by Nedbank, Vantage GreenX Note II and Old Mutual Specialised Finance. The project achieved Preferred Bidder status under Round 4 of the REIPPP Programme in South Africa in April 2015 and has been brought to financial close in July 2018 in line with the progress of the REIPPP programme. IJGlobal |
Original sector | Energy |
Budget |
Location
Country | South Africa |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Solar, Power Generation (CCGT), Power Transmission, Government, Commercial |
Article published date | 2024-09-19 |
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