- ABO Wind has sold the project rights to two photovoltaic solar farms in South Africa, each with a capacity of 100 megawatts.
- The buyer, the South African SOLA Group, has already concluded a private Power Purchase Agreement (PPA) for the projects with the mine operator Tronox. Read more
“These project sales are our first major success in South Africa,” says Robert Wagener, the Head of Department at ABO Wind who is responsible for the country. “We are particularly pleased because these are the first projects with which we had started our development activities in South Africa.” The sale agreements had already been signed in 2021. Now that the buyers have reached financial close, the contracts have become binding.
“The cooperation with ABO Wind brings us closer to our goal of advancing clean energy in Africa. We are proud that the projects are now fully South African owned and financed, built, operated, and managed here in the country,” says Chris Haw, Co-founder and Executive Director of the SOLA Group. The SOLA Group is a vertically integrated Independent Power Producer and a leader in the supply of clean energy solutions to private companies in Africa. SOLA’s mission is to transform Africa through clean energy.
The project sale is a great boost for the 16-strong Cape Town-based ABO Wind team. The company has been active in South Africa since 2018 and is currently working on a pipeline of wind and solar projects with a total capacity of four gigawatts.
Author: Bryan Groenendaal