ABO Wind sells rights for two South African renewable projects

Wind Industry Profile of

Project rights sold to South African SOLA Group

The Wiesbaden-based project developer 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. According to the investor, these are Africa's largest renewable energy projects financed through a corporate PPA to date. Most renewable energy projects in South Africa receive a government-subsidised tariff, which is awarded through tenders. The switch from coal to solar energy for the energy-intensive mining of mineral sands is ground-breaking. In the long term, solar power from the two 100-megawatt... ... More: Official Press Release ABO Wind

Keywords:

ABO Wind, solar park, South Africa, SOLA Group, capacity, sale, PPA, mine, renewable energy, tender