Energy · Active
Northern Cape Solar Project
Utility-scale solar PV installation in the Northern Cape's Solar Corridor.
Renewable Energy Fund
Financing 150MW of renewable energy generation capacity across Gauteng, Western Cape, and Northern Cape provinces, accelerating South Africa's just energy transition.
R 2.4bn
Project Value
150 MW
Generation Capacity
3
Provinces Covered
12,000
Jobs Created
Project Overview
The DBSA Renewable Energy Fund is a landmark R2.4 billion investment programme designed to accelerate South Africa's transition to clean, sustainable energy. The fund finances the development of 150 megawatts of renewable energy generation capacity across three key provinces: Gauteng, Western Cape, and Northern Cape.
This initiative forms a critical part of South Africa's Integrated Resource Plan (IRP 2019) and supports the government's commitment to reducing the country's carbon emissions while addressing the chronic energy supply shortfall. The programme incorporates a mix of solar photovoltaic (PV), wind, and concentrated solar power (CSP) technologies.
DBSA's involvement extends beyond financing — the Bank provides technical advisory services, project preparation support, and capacity building for local municipalities and independent power producers (IPPs) participating in the programme.
Development Impact
12,000
Direct & indirect jobs created
Including 4,200 during construction phase and 7,800 in ongoing operations, maintenance, and supply chain roles.
320,000
Households powered
Clean energy capacity to power over 320,000 South African households annually upon full commissioning.
450kt
CO₂ emissions avoided annually
Equivalent to removing approximately 97,000 cars from South Africa's roads each year.
R 280m
Community development investment
Ring-fenced for community ownership schemes, education, and local enterprise development programmes.
SDG Alignment
SDG 7 — Affordable & Clean Energy
SDG 8 — Decent Work & Economic Growth
SDG 9 — Industry, Innovation & Infrastructure
SDG 13 — Climate Action
Project Timeline
2023
Project Concept & Feasibility Study
Q1 2024
Board Approval & Financing Agreement
Q3 2024
Environmental Impact Assessment Complete
2025
Construction Phase — Currently Underway
Q2 2026
Phase 1 Commissioning (75 MW)
Q4 2027
Full Commissioning (150 MW)
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