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Pele Green Energy reaches financial close on Sonvanger solar plant

Pele Green Energy (PGE) has achieved financial close for the 100 MW Sonvanger solar photovoltaic (PV) power plant in South Africa.  Located 4 km southwest of Theunissen in the Masilonyana local municipality of Free State province, the plant will supply clean energy to Glencore Merafe Venture’s ferrochrome smelters. The Sonvanger project is the country’s first utility-scale renewable energy project led by a single sponsor and IPP. The project will contribute to reducing carbon emissions, diversifying…