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A R12bn Solar Project Goodbye Diesel. He…llo molten salt.

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Rand Merchant Bank recently closed the R12-billion financial transaction needed to jump-start the construction of the 100MW Kathu Solar Park in the Northern Cape. The concentrated solar power thermal generating facility will produce enough power to keep the lights on in 50 000 households, and with the malt and salt solution, can store energy, which could see the end of Eskom’s need for diesel. Biznews.com’s Alec Hogg got more insight on the project from RMB’s Siyanda Mflathelwa.

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