ABO Wind sells 100MW South African PV project

Facebook
Twitter
LinkedIn
Reddit
Email
The Droogfontein solar plant in South Africa. Credit: Globeleq.

German renewable energy project developer ABO Wind has sold a 100MW solar PV project in South Africa’s North West Province to an unnamed investor.

The project is the final third of a 300MW solar project cluster, the first 200MW of which ABO Wind sold in 2022. It is fully developed, permitted and ready to build.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

ABO Wind said that the purchasing investor has signed a  private power purchase agreement (PPA) with an undisclosed offtaker for the power produced at the plant.

“We started working on this project when we first entered the South African market in 2018,” says Rob Invernizzi, general manager of the South African subsidiary of ABO Wind. “Our development team has done an excellent job in fully developing the project, and the finance & sales team has set a sound financial basis and ensured a smooth sale.”

ABO said that its project pipeline in South Africa currently sits at around 4.6GW of renewables generation capacity. It added that the prospective projects will be suitable for both private corporate offtakers – like this 100MW project – and also for the government’s Renewable Energy Independent Power Producer Procurement Program (REIPPPP), the long-standing power purchasing mechanism.

PV Tech Premium published a piece earlier this year examining the rise of privately-funded solar projects over REIPPPP projects in South Africa off the back of the government’s decision to drastically reduce the domestic content requirements for solar equipment deployed in government-backed developments.

One of the major barriers – and perhaps long-term opportunities – for solar development in South Africa is its unstable grid. Eskom, the national grid operator, regularly has to shut down power to account for the grid’s weaknesses, a practice known as “load-shedding”. As reported by our sister publication Energy-storage.news, in April the Mayor of Cape Town revealed plans for a US$65 million solar-plus-storage project to reduce the city’s reliance on Eskom and end load-shedding in the capital.

A July report from the International Institute for Sustainable Development (IISD) found that South Africa needs to prioritise grid-located energy storage as a solution to load-shedding and reduce reliance on the country’s coal generation fleet.

Of its remaining project pipeline, ABO claimed that “A large proportion of the projects in the pipeline are in areas with excellent resource and good grid capacity and are already bid-compliant for available tender programs.”

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

June 14, 2024
US renewable energy project developer Ameren Missouri has acquired a 150MW solar PV project in the state of Illinois.
Premium
June 13, 2024
Kiwa Group on why the integration of three PV inspection and QA businesses signposts the way forward for solar reliability testing.
June 12, 2024
US renewables developer Origis Energy has commissioned the 200MW Escalante solar project in New Mexico alongside non-for-profit electricity utility Tri-State Generation and Transmission Association.
June 12, 2024
Lawrence Berkeley National Laboratory (LBNL) research shows that the use of solar panels on US homes can cut energy burden to as low as 1.3%.
June 12, 2024
The Casey Fork solar project in Jefferson County, Illinois, will bring RWE’s total renewables capacity in Illinois to 750MW
June 11, 2024
The Sun Investment Group (SIG) has secured a debt facility to support its development of 1.97GW of new solar capacity in Poland.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia