Foreign-funded solar park in the Free State

November 12th, 2013, Published in Articles: Energize

SunEdison announced the groundbreaking and financial closure of the 66 MW Boshof Solar Park, which the company was awarded from round two of the REIPPP. Pashupathy Gopalan, the company’s president and managing director, told a press conference recently that the company had received R2,4-billion in funding for the project from the Overseas Private Investment Corporation (OPIC), a US government development agency. Gopalan says that grid-tied solar PV is fast becoming a direct competitor to other, more traditional forms of generation because of the way in which the price of PV panels is falling. He said that the advantages of solar PV such as distributed power generation, fuel-free operation, and zero-emissions, make PV an ideal component in any renewable energy programme such as the one initiated by the South African government. The social benefits of PV include sustainable job creation, with direct jobs during the construction phase, followed by secondary jobs during operation. This installation will include locally manufactured tracking systems to improve overall power output.

Contact Vignesh Nandakumar, SunEdison, Tel 010 595-3333, vnandakumar@sunedison.com

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