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PNE sells 250MW solar plant in South Africa

Original: PNE sells 250MW solar PV plant in South Africa

German renewable energy developer PNE has sold a 250MW solar PV plant in South Africa, according to industry reporting. The transaction marks a further step in PNE's strategy of developing large-scale solar projects and divesting them at or near readiness. The sale underscores growing investor interest in South Africa's solar market as the country works to expand generation capacity amid ongoing electricity supply challenges.

Why now: Large renewable energy project transactions in South Africa draw attention given the country's push to expand power generation capacity.

PNESouth Africa

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