The Development Bank of SA Makes $131.2 Million RE Deal with EIB

The Development Bank of Southern Africa (DBSA) signed a $131.2-million finance contract with the European Investment Bank (EIB) to support the development of a 100-MW CSP in the Northern Cape.

The CSP project was subjected to the Bank’s environmental appraisal guidelines to ascertain its impact on the environment.The DBSA said it is confident that this investment in the renewable energy program will have positive contribution towards efforts to minimize adverse impact of energy generation on the environment and in particular on climate change.

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