March 1

African Data Center Firm Teraco to Build Out Giant Power Plant

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Teraco Data Environments Ltd., Africa’s largest data-center company, is building a utility-scale power plant to run its operations in South Africa.

The firm raised an initial 2 billion rand ($104 million) with Absa Group Ltd. for the construction of a 120 megawatt solar plant and an 80 megawatt wind farm in South Africa’s Free State province, which will power its facilities and help deal with rolling blackouts.

Photo courtesy of Bob Mical.

Source: Bloomberg (link opens in a new window)

Investing, Technology
data, digital inclusion, energy access, renewable energy