ABO Wind sells two solar projects to the South African SOLA Group with a capacity of 100 MW each. The projects will be commissioned in 2023.
Strategic partnership for ABO Wind
ABO Wind sells two solar projects to the South African SOLA Group. Both projects will have a capacity of 100 MW each. In addition, SOLA had a private power purchase agreement (PPA) with the mining company Tronox.
The sale of these projects shows South Africa’s willingness to turn to renewable energy. Thus, a phenomenon of switching from coal to solar energy for the extraction of mineral sands is developing. In addition, the acquisition of SOLA will reduce the mine operator’s overall emissions over the long term.
In the long term, the solar energy from both projects will reduce global carbon dioxide emissions. Thus, the reduction could reach about 13% compared to the year 2019. The head of the ABO Wind department responsible for South Africa, Robert Wagener says:
“We are particularly pleased, as these are the first projects with which we have started our development activities in South Africa.”
South Africa accelerates its energy transition
The collaboration between ABO Wind and SOLA sets the stage for the progression of clean energy in Africa. In addition, the financing, construction, operation and management are the responsibility of South Africa. SOLA, as an independent power producer and provider of clean energy solutions, has the ambition to transform the continent.
ABO Wind has been active in South Africa since 2018 with various projects. Currently, the company is working on wind and solar projects with a total capacity of 4 GW. For example, the continued development of renewable energy projects is evidence of significant progress in the sector in South Africa.
The South African government sees a clear growth in the photovoltaic field. In addition, the energy crisis is pushing President Ramaphosa to double the size of the next wind power tender. Thus, the volume now amounts to 3.2 GW alongside 1,000 MW soon to be auctioned.
