Enel Green Power SpA, the renewable-energy unit of Italy’s biggest utility, received a loan of R2.1 billion to help pay for a wind farm it plans to build in South Africa’s Eastern Cape province.
KfW IPEX Bank GmbH, the export finance unit of Germany’s state-owned development lender KfW, provided the loan for Enel to construct the 111-megawatt Gibson Bay wind farm that will comprise 37 turbines of 3 megawatts each, Enel said by e-mail.
Enel also has started an “academy” that will train South Africans to install and sell small solar-power projects such as on home rooftops. It expects to have trained at least 1,000 people by June, Enel said in the statement.
Source: www.moneyweb.co.za
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