Wedoany.com Report-Dec 02, Pele Green Energy (PGE) has successfully reached financial close on the 100MW Sonvanger Solar PV Power Plant for the Glencore Merafe Venture’s operations in South Africa's Free State province.
PGE is the lead sponsor of the plant, which will provide power for Glencore Merafe Ferrochrome smelters in South Africa.
This launch is particularly significant as it is the first utility-scale project closed by a sole sponsor and single IPP in South Africa.
This achievement represents another milestone in PGE’s vision of becoming a pioneering force in renewable energy.
Gqi Raoleka, chief executive of Pele Green Energy, added: "Glencore Merafe Venture’s approach with this project has shown a dedicated commitment to addressing its Scope II emissions from industrial operations, signifying how sustainable practices are crucial to the future of mining.
"This partnership underscores a shared vision for a low-carbon future.
"Glencore Merafe Venture’s dedication to reducing their environmental impact and choosing to do so in partnership with a South African IPP demonstrates a joint perspective with our goals at Pele Green Energy.
"We are excited to be part of achieving these critical sustainability milestones for this industry."
