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SOLA Group has achieved financial close on the Naos-1 hybrid solar and battery project, which includes a 300 MW solar PV facility and 660 MWh of battery energy storage. Located near Viljoenskroon in the Free State, the project is supported by long-term power purchase agreements with Sasol and Air Liquide, making it the largest privately contracted hybrid renewable energy project to reach financial close in South Africa.

Commercial operations are set to begin in 2028. This project aims to provide reliable, cost-competitive clean energy, addressing peak demand and enhancing grid stability, while contributing to the broader transition towards a low-carbon energy portfolio.