Please note: you are viewing an old version of this deal. The current version can be found here: Deal #10907

Deal #10907 Version #95124

South Africa

Created at

2024-11-07

Last update

2024-11-22

Land area

Intended size

140 ha

Size under contract (leased or purchased area)

[current] 140 ha

Size in operation (production)

[2016, current] 57.68 ha

Comment on land area

Other data source indicated that the Khi Solar One plant spans approximately 140 hectares.The Khi Solar One solar thermal plant covers an area of approximately 4.5 square kilometers, which is equivalent to 450 hectares. The solar field aperture area of 576,800 m² is equivalent to 57.68 hectares.The Khi Solar One plant is located on a 600 hectare site.

Intention of investment

[current] Solar park

Comment on intention of investment

Concentrated Solar Power (CSP) with a molten salt thermal energy storage system.

Carbon offset project

Nature of the deal

Lease

Negotiation status

Concluded (Contract signed)
[2024] Concluded (Change of ownership)
[2024, current] Concluded (Contract signed)

Comment on negotiation status

The Khi Solar One concentrated solar power plant, located in South Africa, was initially owned by Khi Solar One Pty. Ltd., with a shareholding structure consisting of Abengoa (51%), Industrial Development Corporation (IDC) (29%), and Khi Community Trust (20%), ensuring direct benefits for local communities. In 2024, Abengoa signed an agreement to sell its stake to the Spanish group Cox, subject to regulatory approval. If the transaction is finalized, the new shareholding structure will be: Cox (51%), IDC (29%), and Khi Community Trust (20%).

Implementation status

[2012-11] Startup phase (no production)
[2016-03, current] In operation (production)

Comment on implementation status

Construction Started November 2012.This solar thermal plant, known for its central tower technology and thermal storage, has a capacity of 50 MW and began operations in 2016