Red Sands BESS project reaches financial close

Independent power company Globeleq and its project partner, energy supplier African Rainbow Energy, have reached financial close on the 153 MW/612 MWh Red Sands battery energy storage system (BESS) in South Africa. The project – which is located near Upington, Northern Cape – will span about 5 ha and supply electricity to State-owned electricity utility Eskom’s subsidiary National Transmission Company South Africa (NTCSA), under a 15-year power purchase agreement.