Subscribe & Follow
Trending
#Budget2025: How the 2025 budget will impact consumers
Thabani Ndwandwe
Spar Group plans chain of up to 40 high-end grocery stores
Siyanda Mthethwa and Nqobile Dludla
Advertise your job vacancies
Glencore inks R2bn solar deal with Pele Green Energy
Renewable energy company Pele Green Energy said on Thursday it reached a financial close for a Solar Plant with Glencore's ferroalloys unit and its joint venture partner Merafe Resources. The deal, valued at R2.1bn according to Bloomberg News, will see the development of the Sonvanger Solar PV Power Plant in the Free State.
An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland. Source: Reuters/Arnd Wiegmann
The Sonvanger Solar PV Power Plant, a 100MW facility will contribute to the country's clean energy transition, Pele Energy said.
Glencore, Merafi and Pele did not immediately respond to a request for a comment.
Nedbank Group and Absa Group will provide debt financing, with Pele Green Energy contributing equity, according to Pele MD Gqi Raoleka, as reported by Bloomberg.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
Financial close reached for 13.5MW Lower Maguduza Hydro Power Project in Eswatini 28 Jan 2025 Murray & Roberts stops trading, puts SA operations on life support 25 Nov 2024 R7bn battery projects reach financial close to boost Eskom resilience 21 Nov 2024 #Windaba2024: Ramokgopa hints at local manufacturing policy for renewable tech 4 Oct 2024 #Windaba2024: South Africa takes aggressive stance on renewables expansion 2 Oct 2024 How Aqunion abalone farm threads the cost-effective solar needle 27 Aug 2024
