The green-light clears the way for the South African government's employee pension fund (GEPF) to come on board as a 40% stakeholder in the development, with Soitec retaining a minority share.

Construction of the Touwsrivier CPV farm recently passed the half-way milestone, following commissioning of the first 22MW of modules.

"This investment will contribute to the country’s much needed alternative energy needs thus contributing towards easing the current electricity pressures the country is experiencing as well ensure good returns," says Daniel Matjila, chief investment officer at the Public Investment Corporation, which represents the GEPF.

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