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PNE sells 250-MW solar project in South Africa to local IPP

Original: PNE sells 250-MW solar project in S Africa to local IPP

German renewable energy developer PNE has sold a 250-megawatt solar project in South Africa to a local independent power producer. The transaction means PNE will no longer develop the plant itself, handing it to a domestic company better placed to carry the project forward. The deal underscores growing international interest in South Africa's solar market as the country works to expand generation capacity.

Why now: The sale of a large utility-scale solar project reflects ongoing momentum in South Africa's renewable energy market.

PNESouth Africa

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