A consortium led by ACWA Power International (ACWA Power) and including the Public Investment Corporation (PIC) of South Africa (representing the Government Employees Pension Fund), Lereko Solafrica Investment, Lereko Metier Solafrica Fund 1, Lereko Metier Sustainable Capital Fund, Kurisani Solafrica Investments (representing the National NGO Lovelife) and Solafrica Community Investment Company confirmed the completion of financing and commencement of construction of the BOKPOORT Concentrated Solar Power (CSP) Independent Power Project (IPP) located in Northern Cape Province, 600 km south of Johannesburg, in the Republic of South Africa. Forming part of South Africa's Renewable Energy IPP procurement program (REIPP), the 50MWe installed capacity BOKPOORT CSP Project is being equipped with the thermal storage ever adopted for a solar power plant of this class and capacity to date. The plant thermal storage capacity will be 9.3 hours enabling it to yield a record-high generation in excess of 200 GWh/year well into the night every day throughout the year.

This makes CSP the only renewable technology at commercial scale to cover the country's daily peak demand from 5 to 9 PM thereby helping to prevent power black outs.