Publications

EIB and DBSA signs deal to develop 1.2 GW of renewables in South Africa

15 Nov 2022

The European Investment Bank (EIB) and the Development Bank of Southern Africa (DBSA) have formally agreed on a €200m EIB financing in South Africa that will back a new €400m (ZAR7.2bn/US$420m) financing programme, targeting embedded generation, which is expected to unlock 1,200 MW of private sector renewables across South Africa.

DBSA’s Embedded Generation Investment Programme (EGIP) supports the development and upscaling of solar photovoltaic and wind embedded generation projects, developed by independent power producers (IPPs) operating in South Africa, i.e., renewable power generation from smaller-scale power plants that are planned for their own use. EGIP offers a credit support mechanism through the provision of risk capital.

The financing will be available for solar PV and wind energy projects and potentially also energy efficiency projects promoted by the private sector in South Africa. The new initiative is expected to avoid 3.6 Mt of CO2 emissions once all the supported projects are operational.

Register to receive our daily newsletter


Searching for proven generation costs?

Then CAPEX & LCOE is the database you need. The module provides exclusive insights on both Capital Expenditure and Levelised Cost of Electricity.

Make informed decisions in terms of which technologies to invest in and where. In just a few clicks, access unique, premium data on both thermal and renewable power generation costs by technology and by country. Put our detailed, reliable information to use and benchmark your project.