ABO Wind has successfully concluded the sale of project rights for a photovoltaic project in South Africa, marking the third photovoltaic facility in a 300-megawatt cluster. This specific project boasts a nominal capacity of 100 megawatts and spans 450 hectares of privately owned land in South Africa’s North-West Province. Notably, ABO Wind had already sold the remaining 200 megawatts within the cluster in 2022.
The ABO Wind team diligently obtained the required permits and consents, positioning the project for construction. Additionally, an investor has secured a private power purchase agreement with an off-taker for the electricity generated.
Rob Invernizzi, General Manager of ABO Wind’s South African subsidiary, expressed pride in the project’s development, highlighting the efforts of the development, finance, and sales teams. ABO Wind’s South African business model centers on the large-scale wind, solar, battery storage, hybrid projects, and potential green hydrogen production sites. Currently, their Cape Town office employs 19 individuals dedicated to a pipeline of over 4,600 megawatts of renewable energy capacity.
South Africa plays a pivotal role in ABO Wind’s operations, as it presents numerous opportunities for investors, independent power producers, and international energy companies participating in various government programs, such as the Renewable Energy Independent Power Producer Procurement Program (REIPPPP) and Energy Storage Independent Power Producer Procurement Program (ESIPPPP), as well as Corporate Power Purchase Agreements (Corporate PPAs). Many of these projects are located in resource-rich areas with robust grid capacity and are fully compliant with tender programs.
ABO Wind strives to incorporate utility-scale Battery Energy Storage Systems (BESS) into its photovoltaic and wind energy projects whenever feasible, paving the way for hybrid projects. The company also actively develops standalone BESS projects and renewable energy initiatives geared toward green hydrogen production.