News flash
- German renewable energy project developer and IPP, PNE AG has sold a 240MW solar PV project to the South African energy company NOA Group Ltd.
- The Khauta project will be implemented in the Free State province in central South Africa, whose economy is primarily characterised by strong mining/resources and agricultural sectors.
The project is expected to reach the fully developed phase by mid-2024. Through WKN Windcurrent, which belongs to the PNE Group, PNE will now continue to support the project further. There is a possibility for the project size to be extended.
Karel Cornelissen, CEO of NOA, says: “The Khauta project will be a pioneering project for NOA as 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”.
Author: Bryan Groenendaal
