ABO Wind sells rights for two South African renewable projects

German-based project developer ABO Wind sold the project rights to two solar farms in South Africa.

Official Press Release ABO Wind:

ABO Wind sells two 100 MW solar projects in South Africa

Wind Industry Profile of
ABO Wind sells two 100 MW solar projects in South Africa

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

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

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