How Cape Town is funding R1.2-billion solar farm

Cape Town is planning a R1.2-billion solar farm project that it hopes will protect it from one full stage of load shedding.

Cape Town is planning a R1.2-billion solar PV and battery storage project that it hopes will protect it from one full stage of load shedding.

Two years ago, the city applied to access technical assistance from the C40 Cities Finance Facility for its climate resilience projects. The finance facility is funded by the UK, Germany and France, and more than 60 cities around the world applied for help. “Cape Town was the only city that was successfully awarded assistance for two projects,” Cape Town mayor Geordin Hill-Lewis said in a statement.

“We are confident that Cape Town will be the first metro to free our economy from power disruptions and ensure a green and just energy transition,” he said.We are confident that Cape Town will be the first metro to free our economy from power disruptions

The Paardevlei plant, near Somerset West, will use a thousand acres of land owned by the city and will be complete by the end of the year, with full commissioning of the plant expected in August 2026.

Shane Prins, manager of Cape Town’s sustainable energy markets department, told News24 that the power project will cost R1.2-billion, although the city won’t provide all of that: it will allocate R447-million of its R2.3-billion budget to end load shedding over three years to this project.

“Other possible funding options to be assessed include private-public partnerships or having an independent power producer develop the project and then have the city enter into a power-purchase agreement for the electricity,” Prins was quoted as saying.

Cape Town is the first city in South Africa to offer households and businesses cash for power from their solar PV systems, with the feed-in tariff set to increase by 10.15% for 2023/2024, plus a 25c/kWh incentive.

Get South Africa’s latest entrepreneurial or business success stories delivered right to your inbox — Sign up to Entrepreneur Hub SA’s newsletter today 

eBook: 50 South African Entrepreneurs Reveal HOW THEY MADE IT


  • Wow, fantastic blog layout! How long have you ever been running a blog for?
    you made running a blog look easy. The overall look of your site is wonderful,
    as well as the content! You can see similar here e-commerce

  • Nice blog right here! Additionally your website lots up very
    fast! What host are you the use of? Can I am getting your associate hyperlink in your host?
    I desire my web site loaded up as fast as yours lol

    Also visit my blog :: vpn code 2024

  • I have been exploring for a bit for any high-quality articles or weblog posts
    on this sort of space . Exploring in Yahoo I
    finally stumbled upon this site. Reading this information So i am happy to express
    that I have a very good uncanny feeling I found out exactly what I needed.
    I such a lot indubitably will make sure to do not forget this site
    and give it a look regularly.

    Feel free to visit my blog vpn code 2024

  • Hi, I do think this is an excellent website. I stumbledupon it
    😉 I’m going to revisit once again since i have book marked
    it. Money and freedom is the greatest way to change, may you
    be rich and continue to guide others.

    Here is my blog … vpn 2024

  • I absolutely love your website.. Excellent colors & theme.
    Did you create this site yourself? Please reply
    back as I’m attempting to create my very own blog and would like to know where you got this from or just what the
    theme is named. Cheers!

    My web-site: vpn code 2024

Leave a Reply

Your email address will not be published. Required fields are marked *