March 3 (SeeNews) - Spain's Abengoa SA (BME:ABG) on Monday kicked off commercial operations at its 100-MW KaXu Solar One concentrated solar power (CSP) plant in South Africa’s Northern Cape Province.
The parabolic trough plant is expected to generate enough electricity for about 80,000 local households, the developer estimates. It includes a molten salt storage capacity that can provide up to 2.5 hours of electricity after sunset or before dawn. The plant’s output will be sold to local power utility Eskom under a 20-year contract.
According to Abengoa’s estimates, the Kaxu Solar One represents a nearly USD-891-million (EUR 796m) direct and indirect investment to South Africa and will bring about USD 516 million in taxes over the next 20 years.
Abengoa owns a 51% stake in the Kaxu Solar One park, while the KaXu Community Trust holds 20%. The remaining 29% interest is in the hands of South Africa-based Industrial Development Corp (IDC). The Spanish firm also owns the 100-MW Xina Solar One and the 50-MW Khi Solar One CSP projects in South Africa.
South Africa aims to have as much as 17,800 MW of renewable energy capacity by 2030.
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The parabolic trough plant is expected to generate enough electricity for about 80,000 local households, the developer estimates. It includes a molten salt storage capacity that can provide up to 2.5 hours of electricity after sunset or before dawn. The plant’s output will be sold to local power utility Eskom under a 20-year contract.
According to Abengoa’s estimates, the Kaxu Solar One represents a nearly USD-891-million (EUR 796m) direct and indirect investment to South Africa and will bring about USD 516 million in taxes over the next 20 years.
Abengoa owns a 51% stake in the Kaxu Solar One park, while the KaXu Community Trust holds 20%. The remaining 29% interest is in the hands of South Africa-based Industrial Development Corp (IDC). The Spanish firm also owns the 100-MW Xina Solar One and the 50-MW Khi Solar One CSP projects in South Africa.
South Africa aims to have as much as 17,800 MW of renewable energy capacity by 2030.
Source.......
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