South Africa to get €100 million French loan for solar projects

Facebook
Twitter
LinkedIn
Reddit
Email

France is to lend €100 million to South Africa’s national utility Eskom to support the development of solar energy in the country.

The deal was agreed as part of a summit between the South African president Jacob Zuma and his French opposite number Francois Hollande yesterday. The two leaders met to discuss cooperation between their countries in areas such as infrastructure and green growth.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

No further details of the deal have been released.

South Africa is aiming for a significant increase in its PV capacity. The first two rounds of its national renewable energy programme have awarded contracts for over 1GW and another 400MW of capacity is being offered in the third round, which closed for bids in August.

President Zuma said in press conference during the summit: “France is a reliable development partner for South Africa. Since our democracy in 1994, France has extensively supported our reconstruction and development efforts. We appreciate the ongoing development support.”

Between 2004 and 2012, French companies have invested ZAR15 billion (US$1.5 billion) in South African ventures, Zuma added.

Read Next

September 11, 2025
The EBRD has launched a new programme to improve access to green financing and support energy investments such as renewable power projects.
September 11, 2025
Constant Energy has secured THB300 million (US$9.4 million) in green financing from HSBC to expand large-scale solar and battery storage projects in Thailand. 
September 11, 2025
US cell manufacturer ES Foundry is proceeding with expansion plans despite a six-month delay due to recent trade and tax credit policy uncertainties.
September 11, 2025
The absence of negative pricing in Italy undermines the case for co-located solar storage, the co-founder of Italian IPP Terrawatt has said.
September 11, 2025
Solar power generation in Central Europe has grown at more than twice the EU average rate since 2019, according to new figures.
Premium
September 11, 2025
PV CellTech USA: US cell manufacturer ES Foundry’s CEO Alex Zhu discusses his company's rapid ascent, strategic technology choices and the challenges of operating in a shifting policy environment.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines