PNE's 240 MW Khauta South Solar Project in South Africa Reaches Key Milestone

PNE Group has achieved a significant milestone with the financial close of its 240 MW Khauta South photovoltaic project in South Africa. Standard Bank confirmed the closure in early June 2025, marking a crucial payment stage in agreements with WKN Windcurrent, PNE's local development team. Construction has commenced and completion is anticipated in early 2027.

This development is part of the 350 MW combined Khauta projects sold to NOA Group by PNE AG in early 2024. Efforts by WKN and NOA have secured necessary grid capacity, reinforcing PNE’s role as a reputable developer. PNE has been active in South Africa since 2010, with current projects totaling 5 GW and involvement in green hydrogen initiatives.