PNE, Standard Bank Seal Khauta Deal

Key Figures & Findings: Standard Bank has disbursed financing for the 240 MW Khauta South solar project in South Africa, which is being developed by German renewables company PNE AG and its local subsidiary, WKN Windcurrent. The funding enables full construction start on the utility-scale project, which forms part of a larger 350 MW Khauta solar cluster sold to NOA Group in 2024. The milestone reflects PNE’s deepening presence in South Africa, where it has been operating since 2010 and currently manages a 5 GW pipeline, including grid-tied solar, hybrid storage, and green hydrogen ventures.

Statistics & Insights: Khauta South will generate an estimated 540 GWh annually, cutting over 510,000 tCO₂e each year. Construction began in June 2025, with commercial operations expected by March 2027.

Future Implications: If operational by Q1 2027, the project could catalyse Standard Bank’s continued investment in large-scale renewables and allow PNE to fast-track hydrogen-linked conversions of its portfolio by 2030.

Source: WebDisclosure