SolarAfrica backed by Mirova, a French sustainable investment manager, has secured ZAR 1.5 billion to build SunCentral 2, a 114 MW solar power plant in South Africa’s Northern Cape. The funding is provided by FirstRand Bank Limited through Rand Merchant Bank and by Investec Bank Limited. SunCentral 2 follows SunCentral 1 which reached financial close at the end of 2024 and together with SunCentral 3 forms Phase 1 by totalling 342 MW. The full SunCentral project is planning to reach 1 GW, with first power expected in 2026. The project includes investment in the Main Transmission Substation to support grid connection and power wheel for business customers.