The Industrial Development Corporation (IDC) has announced its plans to fund an upcoming hybrid solar photovoltaic (PV) and battery storage facility in the Northern Cape, which is poised to be one of the world’s largest projects of this nature.
The IDC is participating in the project through its funding support to a black economic empowerment group called H1 to acquire a 49% equity in this venture, alongside Norwegian renewable energy manufacturer Scatec.
