Green Bond Fact Sheet

This fact sheet details the certification of a ZAR 8 billion (USD 540 million) commercial loan issued on July 15, 2019, to refinance the Redstone Solar Thermal Power Plant in South Africa. The project, developed by ACWA Power and SolarReserve, is a 100MW Concentrated Solar Power plant that became operational in late 2018.

• The Redstone Solar Thermal Power Plant issued a commercial loan of ZAR 8 billion (approximately USD 540 million) on July 15, 2019, with a maturity date of May 15, 2036, and a tenor of 17 years.
• The loan proceeds are designated to refinance the Redstone Solar Thermal Power Plant, a Concentrated Solar Power (CSP) facility located in Postmasburg, Northern Cape province, South Africa. The plant has an installed capacity of 100MW, a development cost exceeding USD 1 billion, and began operations in late 2018.
• The loan is certified under Climate Bonds Standard v2.1, specifically for the solar sector, with pre-issuance verification conducted by Sustainalytics.
• The project was jointly developed by SolarReserve, a California-based technology provider for CSP projects, and ACWA Power, a Saudi Arabia-based developer with 22GW of assets across 11 countries in Asia, the Middle East, and Africa.
• The South African government aims for 26% of its electricity generation to be renewable by 2030, contrasting with a current state where more than 90% of generation is derived from coal power.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-07_SA_Redstone_Solar.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-07_SA_Redstone_Solar.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=21 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-07_SA_Redstone_Solar.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2019-07_SA_Redstone_Solar.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }