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Renewable energy investment in South Africa

South Africa Becoming a Renewable Energy Hub Afribiz, Dec 1 South Africa is fast becoming a preferred renewable energy investment destination for both private and public sector investors – good news for the country’s growing electricity demands, emerging clean energy sector and the economy.

The World Bank recently approved a $250-million (R1.5- billion) loan to South African power utility Eskom to develop a wind and solar plant, which will help the country reduce its reliance on coal-based power generation.

The World Bank, which granted the funding through its Clean Technology Fund, will finance a 100-megawatt solar power plant in Upington in the Northern Cape province and a 100-megawatt wind power project north of Cape Town in the Western Cape…. http://www.afribiz.info/content/south-africa-becoming-a-renewable-energy-hub

December 1, 2011 - Posted by | renewable, South Africa

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