Africa ’s largest standalone battery energy storage system (BESS) project, the 153 MW/ 612 MWh Red Sands project in the Northern Cape, has reached financial close, having raised some R5.4-billion in debt financing from Absa and Standard Bank.
Updated 1st July 2025 – The Red Sands Battery Energy Storage System (BESS), set to be Africa’s largest of its kind, has officially reached commercial close. Developed by Globeleq, which is 30% owned by Norfund, in partnership with African Rainbow Energy, the 153 MW/612 MWh project was signed off in June 2025 in Cape Town.
“The Red Sands battery storage project’s successful commercial close highlights the importance of international cooperation and public-private partnerships in tackling energy security and promoting a sustainable energy future. Both in terms of energy security, affordability and climate concerns, this project is a milestone.
Scatec’s Kenhardt solar-plus-storage site in South Africa (above), which went online at the end of 2023. Image: Scatec. Africa’s energy storage market has seen a boom since 2017, having risen from just 31MWh to 1,600MWh in 2024, according to trade body AFSIA Solar’s latest report.
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Africa’s largest standalone battery energy storage system (BESS) project, the 153 MW/ 612 MWh Red Sands project in the Northern Cape, has reached financial close, having …
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“The Red Sands battery storage project’s successful commercial close highlights the importance of international cooperation and public-private partnerships in tackling energy security and …
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Africa''s energy landscape is undergoing a significant transformation, with a growing emphasis on renewable energy sources such as solar and wind power. These …
Updated 1st July 2025 – The Red Sands Battery Energy Storage System (BESS), set to be Africa’s largest of its kind, has officially reached commercial close. Developed by Globeleq, …
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