Glencore inks R2bn solar deal with Pele Green Energy

An employee of a private security company stands in front of the logo of commodities trader Glencore during the company's annual shareholder meeting in Cham, Switzerland. Source: Reuters/Arnd Wiegmann

The Sonvanger Solar PV Power Plant, a 100MW facility will contribute to the country's clean energy transition, Pele Energy said.

Glencore, Merafi and Pele did not immediately respond to a request for a comment.

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Nedbank Group and Absa Group will provide debt financing, with Pele Green Energy contributing equity, according to Pele MD Gqi Raoleka, as reported by Bloomberg.