SolarAfrica secures R1.5bn for 114MW SunCentral 2 solar project in South Africa, with funding from FirstRand Bank and Investec Bank. Project set to deliver power by 2026, part of SolarAfrica’s larger vision for 342MW capacity. SunCentral aims to benefit local communities with job creation and skills development initiatives.

Phase one of SolarAfrica’s solar energy expansion includes SunCentral 1 and 2, with plans for SunCentral 3 to reach 1GW total capacity. Projects focus on bilateral wheeling arrangements for electricity distribution without upfront capital investment. SunCentral aims to be one of South Africa’s largest solar initiatives.

SunCentral projects prioritize community upliftment, offering job opportunities, education, and local procurement. SolarAfrica CEO highlights the importance of clean, affordable, and predictable power for businesses. Funding partners show confidence in project, emphasizing the value for South African companies.

SolarAfrica’s wheeling pipeline includes 3GW under development nationwide, with dedicated funding for Main Transmission Substation (MTS) to manage green power evacuation. MTS infrastructure strengthens national grid and supports future renewable energy connections. Wheeling model empowers commercial customers to plan for growth with cleaner, dependable energy mix.

Read more at Yahoo Finance: SolarAfrica raises $94m for 114MW SunCentral 2 solar project