Proof of concept: Norway’s Climate Fund exits pioneering South African solar project after just two years

Business September 19, 2025 / By: Bjørn H Amland

The Oslo-based Climate Investment Fund is exiting the Kenhardt hybrid sun power and battery project in South Africa, the largest of its kind in Africa, after just two years. Fund chief Bjørnar Baugerud says their job is done, others can now take over the financing.

The Kenhardt solar project in northwestern South Africa with a production capacity of 540 megawatts and up to 1140 megawatthours of battery storage is the largest if its kind in Africa (Photo by Norfund)

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Proof of concept: Norway’s Climate Fund exits pioneering South African solar project after just two years

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