News Article
Soitec fulfil criteria on Touwsrivier solar plant in SA
Soitec has announced that its Touwsrivier solar power plant has successfully fulfilled milestones set for commissioning 50% of the total capacity. This event confirms that the power plant performs in accordance with contractual specifications and validates the power purchase agreements applied to the 44MWp solar plant.
As anticipated this milestone will trigger the refinancing of the project through the availability of the proceeds of the bond issued on the Johannesburg stock exchange in April last year.
Thanks to its local partners and suppliers, Soitec is confident to complete this largest solar power plant of 44 MWp capacity in South Africa in the coming months. Currently more than 60% of the power plant has been installed.
