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June 29, 2015
Growing appeal of sustainable energy sources
The plant qualifies under South Africa’s Renewable Energy Independent Power Producer Procurement Programme. As such, it will benefit from a fixed tariff under a long-term power purchase agreement with the state-owned utility, Eskom and supported by the Republic of South Africa.
Deutsche Bank is one of the largest financiers of renewable energy worldwide. In 2014, the Bank provided around EUR 1 billion in capital which helped finance projects with a value of more than EUR 4.3 billion and with a total capacity of approximately 1.8GW across Europe, North and South America and Asia.
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