- ABO Wind has closed the sale of the project rights for a photovoltaic project in South Africa.
- The project is the third photovoltaic facility within a cluster comprising a total of 300 MW.
- It has a nominal capacity of 100 MW and is located on 450 hectares of privately owned land in the North-West Province of South Africa.
- The other 200 megawatts had already been sold by ABO Wind in 2022.
Through the ABO Wind team, the project obtained the necessary permits and consents to be ready to build. The investor concluded a private power purchase agreement with an off-taker for the produced electricity.
“We started working on this project when we first entered the South African market in 2018,” says Rob Invernizzi, General Manager of the South African subsidiary of ABO Wind. “Our development team has done an excellent job in fully developing the project, and the finance & sales team has set a sound financial basis and ensured a smooth sale.”
In South Africa, ABO Wind’s business model is to develop large wind, solar, battery storage and hybrid projects, as well as potential sites for green hydrogen production. Currently, 19 employees in the Cape Town office are working on a well-developed pipeline of more than 4,600 megawatts of renewable energy capacity.
Author: Bryan Groenendaal