ACWA Power achieves first refinancing transaction in South Africa renewables sector December 15, 2020
Bokpoort CSP
JOHANNESBURG The ACWA Power Solafrica Bokpoort Concentrated Solar Power (CSP) plant, one of the major drivers of renewable energy in South Africa, has achieved another significant first, having announced the largest infrastructure refinancing initiative to be implemented in the country.
Project financiers, led by Investec Bank, have concluded the first refinancing transaction for Bokpoort CSP, in South Africa s pioneering Renewable Energy Independent Power Producer Procurement (REIPPP) program, marking a new era for growth and opportunity.
The ACWA Power-developed, majority-owned and managed plant achieved commercial operations date (COD) in March 2016, and has since been setting new production records, including the African continental benchmark for 13 days (312 hours) of continuous operations on Oct. 23, 2020 and r