Redstone Concentrated Solar Thermal Power (CSP) plant
Sector: Geothermal • Location: South Africa
Source: World Bank Group
The project involves the development, construction and operation of the 100MW Redstone concentrated solar thermal power (CSP) plant, located in the Hay District, 30 km from Postmasburg in the Northern Cape province, South Africa. The project is part of the South African Renewable Energy Independent Power Producer (REIPP) Procurement Program. The produced energy will be sold to the South African st
- Status
- Prospective
- Sector
- Geothermal, Manufacturing (Industrial), Power Transmission, Solar, Power Generation (CCGT), Commercial, Government
- 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 involves the development, construction and operation of the 100MW Redstone concentrated solar thermal power (CSP) plant, located in the Hay District, 30 km from Postmasburg in the Northern Cape province, South Africa. The project is part of the South African Renewable Energy Independent Power Producer (REIPP) Procurement Program. The produced energy will be sold to the South African state-utility Eskom under a 20 year PPA.The SPV is Solarreserve Redstone Solar Thermal Power Plant (Pty) Ltd, owned 50% by ACWA Power, Aventro, CEF, KDI, Pele Green and a local community trust. The total project cost is around $ 826.3 million. Of the total debt package of $ 698.92 million, provided by FMO , African Development Bank, DEG, Industrial Development Corporation of South Africa, ABSA Bank, Development Bank of Southern Africa, Investec, CDC Group, ICBC and Sanlam. Financial close was announced on May 10, 2021. The EPC contractor is Northwinds Trading (Pty) Ltd https://ijglobal.com/articles/155195/redstone-csp-reaches-financial-close |
Original sector | Energy |
Budget |
Location
Country | South Africa |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Geothermal, Manufacturing (Industrial), Power Transmission, Solar, Power Generation (CCGT), Commercial, Government |
Article published date | 2024-05-28 |
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