The Bolobedu photovoltaic power plant is set to start operating in 2024. Moneyweb solarpower renewables
South Africa’s largest mineral sands producer Richards Bay Minerals has teamed up with international energy company Voltalia as well as local black economic empowerment partners to build a solar power plant in Limpopo. According to Rio Tinto majority-owned RBM, the agreement will see Voltalia commencing construction on the Bolobedu Solar PV renewable energy project, located 120km from Polokwane, in 2023. The plant is expected to be completed in 2024.
” Although the cost of the establishing the plant remains undetermined at this point, Voltalia says it is confident that it will secure the necessary funding, especially from local financial institutions that have the lending appetite. Both partners say the cost of energy from the solar plant will be much cheaper than current Eskom prices.
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