Deal #10907

South Africa
Created at
2024-11-07
Last update
2024-11-25

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

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

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease

Negotiation status

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

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