Magnora secures permit nod for 260MW S Africa solar project

• Swedish renewables developer Magnora has secured environmental authorisation for a 260MW solar project it is creating in South Africa.

The authorisation indicates that the project has the majority as well as essential permits in place, stated Magnora.

The solar PV project likewise enables the construction of a co-located utility scale battery storage facility.

The project lies in a location with exceptionally good solar radiation, with an anticipated yearly outcome in the extra of 2300 kilowatt hours/kW, which is more than double the result proportion of the most effective websites in the Nordics.

In February 2021, Magnora made its access right into the South African renewables market with the acquisition of an 850MW project portfolio.

The designer additionally reinforced the investment by obtaining 92% of the renewable project growth company African Green Ventures (AGV) in February 2022.

The portfolio of projects under active growth currently consists of approximately 1.8 GW in South Africa.

"We are really delighted with our advancement in South Africa and also see great rate of interest from prospective customers on the market for mature projects.

"We wish and believe that we have projects prepared for divestment already by the end of this year, verifying the wonderful possible for eye-catching value production we see in the South African renewables market," claimed Erik Sneve, CEO of Magnora.

Magnora South Africa is, through its advancement firm AGV, establishing the projects from greenfield to ready-to-bid/build stage as well as is regularly dealing with naturally sourcing new projects to the portfolio.

"The AGV group has showed outstanding speed as well as proficiency within solar and wind project growth, being confirmed with the considerable turning points attained over the last months.

"The expected yearly energy outcome for the solar PV project shows the beauty for renewable energy in South Africa" claimed Espen Erdal, vice president of company advancement at Magnora.