The full total of $12 million USD (103 million Rand) will be put to work at the Jasper Power Project, a 96 megawatt solar photovoltaic plant in the Northern Cape province of South Africa. One of the flagship renewable energy projects in South Africa, the vast installation will peak at delivering enough electricity to power 30,000 homes and businesses across the cape.
“When we consider investing in a renewable energy project, we focus on two key factors. First, we only pursue investments that we believe make financial sense. South Africa’s strong resources and supportive policies for renewable energy make it an attractive place to invest—which is why it had the highest growth in clean energy investment in the world last year.” sais Needham,
“Second, we look for projects that have transformative potential—that is, projects that will bolster the growth of the renewable energy industry and move the world closer to a clean energy future.”