The PNE Group has sold another large photovoltaic (PV) project in South Africa, the company announced on November 2, 2026. The project, located in the Free State province, has a planned nominal capacity of 250 MW and was sold to a major South African independent power producer. PNE South Africa will continue to develop the project following the sale, providing project development support to the investor through to Financial Close.
“With the sale of this strategic, large scale PV project we are continuing our successful project development activities in South Africa. The transaction demonstrates that our local teams are able to develop attractive projects in international growth markets and successfully market them. At the same time, we remain involved in the project and contribute our expertise to its further development,” said Roland Stanze, COO of PNE AG. He added that the transaction “also underlines our ability to continuously realise value from our extensive project pipeline and to sell projects at the appropriate time.”
The sale underscores South Africa’s importance as an international market for PNE. As of June 2026, the PNE Group’s project pipeline in the country comprised around 2,000 MW of PV and around 2,800 MW of wind energy. This substantial pipeline positions PNE as a significant player in South Africa’s renewable energy sector, which has been expanding to meet growing electricity demand and reduce reliance on coal.
For South Africa, the transaction represents another step in the build-out of utility-scale solar capacity. The 250 MW project will contribute to the country’s renewable energy targets and help address persistent power supply challenges. The involvement of a major South African independent power producer signals continued private sector confidence in the country’s renewable energy market, even as policy and regulatory frameworks evolve.
PNE’s ability to develop and sell projects while retaining a role through financial close demonstrates a business model that balances asset rotation with long-term service provision. The company, listed in the SDAX, has more than 30 years of experience in wind and photovoltaic project development. Its portfolio covers all project planning phases, from site investigation and permitting to financing, construction, operation, and repowering. As a Clean Energy Solutions Provider, PNE also offers services for the entire life cycle of wind farms and PV plants, as well as battery storage solutions.
The transaction was announced via NEWMEDIAWIRE, and the original release can be viewed on www.newmediawire.com.
