Ppa Secures Wind Energy For Sa Mining Company

103 Days(s) Ago    👁 108
ppa secures wind energy for sa mining company

Construction will start soon on a new 140 MW wind energy project near Murraysburg, following the finalisation of a purchase power agreement (PPA) to supply mining company Sibanye-Stillwater.

The Umsinde Emoyeni Wind Farm, located on the border between the Northern Cape Province and the Western Cape Province near Murraysburg is scheduled to reach commercial operation toward the end of 2026.

The project will supply Sibanye-Stillwaters SA operations utilising the national grid through a secured wheeling agreement with Eskom.

The project will be fully funded by a project consortium under a 20-year Power Purchase Agreement (PPA) with Sibanye-Stillwater, which will build, own, and operate the project. The consortium is led by African Clean Energy Developments (ACED) and Energy Infrastructure Management Services (EIMS Africa), both of which are African Infrastructure Investment Managers (AIIM) specialising in renewable energy project development, delivery, and asset management. Reatile Renewables is also a shareholder in the consortium.

This project, together with Sibanye-Stillwaters three other previously announced PPAs (including the ACEDEIMS-IDEAS Castle Wind Farm), brings the total dedicated capacity of renewable energy projects in construction for Sibanye-Stillwaters exclusive use to 407 MW, and secures 70% of its long-term energy requirements in South Africa.

Financial close of the Umsinde Emoyeni wind farm marks another critical step in our journey to carbon neutrality by 2040. We continue to develop and execute energy solutions that contribute to the delivery of our strategy, says CEO Neal Froneman .

Sibanye-Stillwater specialises in the production of platinum, palladium, rhodium and gold and the refining of iridium and ruthenium as well as nickel, chrome, copper and cobalt.

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