Located between the towns of Jeffreys Bay and Humansdorp in the Eastern Cape, the Jeffreys Bay is planned to produce 460GWh of power annually.
Globeleq is a unit of Actis, the pan emerging markets investor.
The Jeffreys Bay will avoid production of 420,000t of CO2 per year while providing a source of renewable electricity for nearly 100,000 average South African households.
Globeleq CEO Mikael Karlsson said the company is committed to pursue further investments in clean and reliable power for the region.
"The completion of these facilities is the result of a truly global partnership with the Government of South Africa and Eskom and the private sector of developers, investors, lenders, constructors, suppliers and the local community," Karlsson added.
Globeleq, through its subsidiary, manages the operation and commercial aspects of the Jeffreys Bay, De Aar and Droogfontein projects.
Actis energy co-head Torbjorn Caesar said, "We are delighted to reach this tangible milestone in diversifying South Africa’s energy footprint and providing lower cost renewable energy for the country."
