Zeerust Solar PV Plant
Sector: Government • Location: South Africa
Source: World Bank Group
The project entails the construction of the 75MW Zeerust solar PV plant, located in the Moiloa Municipality in the Northwest 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.
Th
- Status
- Prospective
- Sector
- Government, Power Generation (CCGT), Solar, Power Transmission, 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 75MW Zeerust solar PV plant, located in the Moiloa Municipality in the Northwest 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 $119.92 million with a debt-to-equity ratio of 78:22. 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 | Government, Power Generation (CCGT), Solar, Power Transmission, Commercial |
Article published date | 2024-06-03 |
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