SolarAfrica raises $94m for 114MW SunCentral 2 solar project

SolarAfrica has secured R1.5bn ($93.9m) in financing to advance its 114MW SunCentral 2 solar project in the Northern Cape, South Africa. Funding came from FirstRand Bank, through its Rand Merchant Bank (RMB) unit, alongside Investec Bank’s corporate and institutional banking division. The SunCentral 2 solar project is expected to deliver its first power supply by 2026. This development is part of SolarAfrica's broader initiative to expand access to clean energy using utility-scale renewable generation ...