https://www.engineeringnews.co.za
Africa|Construction|Energy|Environment|Eskom|Gas|generation|Platinum|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|Sustainable|Operations
Africa|Construction|Energy|Environment|Eskom|Gas|generation|Platinum|Power|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|Sustainable|Operations
africa|construction|energy|environment|eskom|gas|generation|platinum|power|project|projects|renewable-energy|renewable-energy-company|solar|sustainable|operations

Amplats signs renewable energy offtake agreement with Envusa Energy

28th February 2024

By: Sabrina Jardim

Creamer Media Online Writer

     

Font size: - +

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA) with Envusa Energy.

Envusa is a joint venture between EDF Renewables and Amplats' parent company Anglo American with a focus on establishing a regional renewable energy ecosystem (RREE) in Southern Africa.

Envusa will operate as an energy trader sourcing energy generated from renewable sources – from separate generation plants, in which Envusa will hold a majority shareholding – through power purchase agreements (PPAs) and then sell this energy to offtakers.

Under the EOA, Envusa will supply RPM with about 460 MW of renewable energy generated through its Koruson 2 solar and wind projects, on the border between the Eastern Cape and the Northern Cape, using State-owned utility Eskom’s electricity grid.

Construction on the Koruson 2 projects is expected to begin this year, with all projects expected to reach commercial operation during 2026.

Each Koruson 2 project will be built, owned and operated by Envusa subsidiaries, which will be funded by a combination of Envusa’s shareholders and a consortium of external lenders.

Considering the Koruson 2 projects will be majority project financed, RPM will enter into ancillary agreements with the consortium of lenders, as is market practice in project finance transactions.

“The conclusion of the EOA with Envusa to secure clean energy for our operations is a significant milestone in our journey towards our decarbonisation commitments, ensuring that our PGM metals, which are themselves critical to enabling the just energy transition, are produced in a safe and sustainable manner, supporting our environment, social and governance leadership priority.

"In addition, the generation of energy from these wind and solar projects will provide further resilience to Eskom’s national electricity provision and reduce our electricity costs,” says Amplats CEO Craig Miller.

This arrangement supports Amplats' commitment to reduce its greenhouse-gas emissions by 30% by 2030 and achieve carbon neutral operations by 2040 – Scope 1 and 2 emissions. At steady state, the EOA will result in RPM sourcing about 35% of its energy from renewable sources.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 October 2024
Magazine round up | 04 October 2024
4th October 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.268 0.322s - 305pq - 2rq
Subscribe Now