A German renewable energy developer has sold a solar PV project with a total output of 240MW to a South African energy company.
The Khauta project will be implemented in the Free State province, whose economy is primarily characterised by the mining, resources and the agricultural sectors.
PNE AG announced the sale of the project to the NOA Group Ltd last week, with the project expected to reach the fully developed phase by mid-2024.
Through WKN Windcurrent, which belongs to the PNE Group, it will continue to support the project further.
There is a possibility for the project size to be extended, the German company also said.
Markus Lesser, CEO PNE AG, described South Africa as 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.”
Karel Cornelissen, CEO of NOA, said the Khauta project will be a pioneering project for NOA.
It will be the first large scale (>100MW) solar facility entering the NOA aggregator portfolio.
“As NOA, together with the support of our shareholder, African Infrastructure Investment Managers (AIIM), we aspire to make a meaningful contribution towards solving the immediate energy supply deficit in South Africa.”
PNE has been active in South Africa since 2010. Currently, its wind and PV projects under development add up to around 4GW/GWp (as of the end of 2023).
PNE is also active in two South African green hydrogen projects.
NOA, or Net zerO Africa, is an integrated energy company that provides renewable energy to customers in the commercial and industrial sectors.
NOA develops, constructs and operates large scale wind, solar and energy storage plants.
The company is also an aggregator, buying electrons from Independent Power Producers (IPPs) across South Africa.
Contact Us
VUKA is the trusted media partner to key professionals, policy makers, suppliers and
manufacturers. We provide unparalleled opportunities for industry-wide connection.
