Investec provides project financing for the 50 MW Ilikwa PV Facility in South Africa
Type: Financing · Technology: Solar · Country: South Africa · Capacity: 50 MW · Announced: 2026-08-04
Investec financed the 50 MW Ilikwa PV Facility, providing the project financing needed for its development. The solar project, situated near Parys in the Free State, South Africa, will produce more than 140 GWh of renewable electricity each year. Construction began in October 2024 and was completed over a 21‑month period, employing over 2,600 local workers. The financing supports Mainstream Renewable Power’s ownership stake and underpins the project’s contribution of approximately 100,000 tonnes of CO₂ emissions avoided annually. The deal underscores Investec’s commitment to funding renewable energy projects that bolster South Africa’s energy security and customers’ decarbonisation objectives. No additional lenders or advisors were mentioned.
Counterparties
- Investec (Lender)
- Mainstream Renewable Power (Borrower)
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