Against Power Cuts: PNE Sells 240 MW Solar Project in South Africa

Cuxhaven, Germany - South Africa is still suffering from power cuts, but the expansion of renewable energies in South Africa is now progressing faster than before.

PNE AG has now sold a 240 MW solar project to the South African energy company NOA Group Ltd. The Khauta solar power plant is located in the Free State province in the middle of South Africa, which is characterized by a strong agricultural and mining industry.

It is scheduled to reach the ready-to-build phase in mid-2024. PNE will continue to support the project via WKN Windcurrent, which is part of the PNE Group. An expansion is conceivable.

Markus Lesser, CEO PNE AG, says: "We are delighted that we are able to successfully follow up on the sale of projects in our international markets in 2024. South Africa is an exciting market. With NOA, we have a strong partner with whom we are one step closer to a secure power supply through clean energy."

PNE has been active in South Africa since 2010. Projects with a volume of around 4 GW/GWp of wind and PV projects are currently under development (as of the end of 2023), the company added. PNE is also involved in two green hydrogen projects in South Africa.

Source: IWR Online, 11 Apr 2024