{"id":1262,"date":"2015-03-19T06:02:33","date_gmt":"2015-03-19T06:02:33","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2015\/03\/19\/south-african-fund-manager-ploughs-us1-8-billion-for-two-solar-projects\/"},"modified":"2015-03-19T06:02:33","modified_gmt":"2015-03-19T06:02:33","slug":"south-african-fund-manager-ploughs-us1-8-billion-for-two-solar-projects","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2015\/03\/19\/south-african-fund-manager-ploughs-us1-8-billion-for-two-solar-projects\/","title":{"rendered":"South African Fund Manager Ploughs US$1.8 Billion for Two Solar Projects"},"content":{"rendered":"<p>South African state-owned pension fund manager Public Investment Corp. will invest US$1.8 billion to buy stake in two solar-power projects in the country that have 200 megawatts of combined capacity.<\/p>\n<p>PIC will get a 20% stake in the Xina and Ilangalethu projects that are developed by state-owned.\u00a0 It will also extend a US$49 million loan to the Ilangalethu farm.<\/p>\n<p>\u201cElectricity remains an important contributor to South Africa\u2019s economic development and, for this reason, we believe that investment in the renewable energy sector is critical,\u201d PIC Chief Executive Officer Daniel Matjila said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African state-owned pension fund manager Public Investment Corp. will invest US$1.8 billion to buy stake in two solar-power projects in the country that have 200 megawatts of capacity.<\/p>\n","protected":false},"author":2,"featured_media":452,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[687,679,688],"tags":[],"class_list":["post-1262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europemiddle-eastafrica","category-most-popular","category-solar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v27.3) - 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