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African Development Bank Approves $220 Million Loan for a Solar Project in South Africa

The project is located in the Humansrus Solar Park, Northern Cape Province

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The African Development Bank (AfDB) has approved a senior loan of ZAR 3 billion (~$220.3 million) to the 100 MW Redstone concentrated solar power project. The project is located in the Humansrus Solar Park, in the Northern Cape Province of South Africa and is expected to generate 466 GWh/year.

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