Saudi-based ACWA Power, an investor and operator of power generation and water desalination plants, has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close.

At ZAR11.6 billion ($830 million) total investment, the Redstone project is the largest renewable energy investment in South Africa to date.

The project has secured financing from international and South African financial institutions and has facilitated approximately ZAR7 billion in foreign direct investment to fund and support the strategic energy transition goals of the country.