SolarAfrica Secures R1.5 Billion for SunCentral 2

SolarAfrica has successfully secured R1.5 billion in funding for SunCentral 2, the next 114 MW phase of its utility-scale solar development in the Northern Cape, South Africa. The investment, provided by FirstRand Bank===FirstRand (a division of FirstRand) and Investec===Investec Limited, will facilitate the construction of the plant, with first power expected in 2026. SunCentral 2 is part of a larger 1 GW vision, aiming to provide affordable, clean, and predictable energy to South African businesses through a bilateral wheeling model. The project also includes community upliftment initiatives and investment in a Main Transmission Substation to strengthen the national grid. David McDonald, CEO of SolarAfrica, emphasized the project's role in helping companies manage costs, cut emissions, and reduce reliance on unpredictable utility power.