Solar power projects funded by South Africa's Standard Bank will add 1,500 megawatts to the national grid by the end of 2024, the lender said, accounting for 5% of the total available grid capacity according to Reuters calculations.
will add 1,500 megawatts to the national grid by the end of 2024, the lender said, accounting for 5% of the total available grid capacity according to Reuters calculations.
The expected 5% of additional power to the national grid from the Standard Bank-funded projects awarded to companies last year is close to the shortfall in power demand and supply the country faces, a Reuters analysis showed.
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