Pele Green Energy completes acquisition of 20% stake in Touwsrivier concentrated photovoltaic (CPV) power plant project
Soitec has closed the sale of a 20% stake in the 44 MW MWp concentrated photovoltaic (CPV) power plant project located in Touwsrivier in the Western Cape province of South Africa.
Soitec has sold the interest in the CPV Power Plant No 1 to Pele Green Energy for an estimated investment of EUR5.2 million (US$5.6 million).
The transaction also includes the redeeming of about EUR11.3 million (US$12.2 million) loan granted by Soitec to Pele Green Energy.
Country updates
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April 13, 2020
Final PV plant of 258 MW complex starts operation in South Africa
Scatec Solar and partners have grid-connected and started commercial operation of the third 86 MW solar plant in Upington, South Africa, completing the 258 MW solar power complex.
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April 08, 2020
Final turbine up at 110 MW Perdekraal East wind project in Western Cape before lockdown
Perdekraal East Wind Farm completed the installation of all its 48 turbines in under seven months two weeks ahead of schedule. The installation was complete three days before COVID-19 restrictions cam...
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March 24, 2020
FairWind completes the installation of turbines for 140 MW Kangnas wind project
FairWind has completed the installation of turbines for 140 MW Kangnas wind project jointly owned by Mainstream Renewable Power and Actis. The Kangnas wind project is located in the Northe...
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March 20, 2020
Facility for Energy Inclusion secures US$160m first close
The pan-African renewable energy debt fund Facility for Energy Inclusion (FEI) has secured about US$160 million first close from commitments of the African Development Bank, the European Commissi...
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February 28, 2020
Scatec Solar completes the 86 MW Dyason's Klip 1 PV solar project in Upington
Scatec Solar and partners have connected to the grid and started the early commercial operation for another 86 MW Dyason's Klip 1 PV solar project, the second of three, of the 258 MW solar power c...
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