Moncada Energy Group through its local subsidiary Construczioni Moncada South Africa (Pty) Ltd has completed the R1,75bn Solar Capital De Aar Project, the largest thin film solar farm in Africa.
The solar farm, which extends over 270ha in the Northern Cape and has 203,948 thin film solar panels, has an installation capacity of 85.26MW and has been fully operational since 15 August 2014. It supplies the Eskom 132kV grid line and generates around 150,000MWh per year - enough clean renewable energy to power more than 35,000 households. The project will allow a saving of CO2 of around 3 billions tons.
Moncada Energy Group CEO Mr Salvatore Moncada welcomed the success and said: "The Moncada Energy Group has achieved a result of great international importance, despite the present situation of severe economic crisis and other challenges. The project provides the Group with a new considerable position in the global green energy market, and brings Italian technology around the world. Moncada Energy would also like to thank all the authorities and the South African financial institutions that made this great achievement possible."