SolarAfrica has secured financial close on R1.5 billion to build SunCentral 2, the next 114 MW plant of its flagship utility-scale solar development in the Northern Cape.
The new funding, provided by RMB and Investec Bank Limited, is another significant step in boosting access to affordable and clean energy for South African businesses, with first power expected in 2026. SunCentral 2 will follow SunCentral 1, which reached financial close at the end of 2024, also at 114 MW. Together with SunCentral 3, these projects form Phase 1 of the broader SunCentral vision, totaling 342 MW.
David McDonald, CEO at SolarAfrica, says, “Businesses want power they can trust, clean, affordable and predictable, and SunCentral is being built exactly for that purpose. It’s encouraging to see the confidence from our funding partners as we move into the next stage of delivery.
“More than a big solar project, SunCentral is a long-term infrastructure investment that gives companies the ability to manage their costs, cut emissions, and reduce their reliance on utility power that is often vulnerable to unpredictable tariff hikes. This next step gets us closer to bringing that value to even more South African businesses.”
