The 21 renewable-energy projects financed by the Development Bank of Southern Africa (DBSA) since the Renewable Energy Independent Power Producer Procurement Programme was implemented are contributing some 2 512 MW to the national grid.
This includes five commercial solar panels, nine solar photovoltaic and five wind projects.
“The DBSA’s achievements in the renewable-energy space confirm our role as an instrumental partner in developing integrated solutions for and on behalf of the Department of Energy’s Independent Power Producer Office and the National Treasury,” said DBSA energy financing GM Lucy Chege.
Some R14.9-billion in commitments have been made by the DBSA to support government programmes in the energy space.
The bank had also financed numerous gas-fired plants and infrastructure throughout the continent as part of regional integration efforts to deal with the power crisis.