Discovery Green inks deal to supply wheeled electricity to York Timbers
Electricity trader Discovery Green has signed a ten-year power purchase agreement (PPA) with forest-product company York Timber Holdings.
The deal will result in 90% of the energy consumed at the Jessievale sawmill in Mpumalanga being supplied by wheeled renewable electricity, and reduce the JSE-listed company’s carbon emissions.
York Timbers interim CEO Schalk Barnard said the PPA provided it with long-term cost certainty, while also positively impacting the company’s regulatory compliance.
He explained that clean energy was an important component in meeting the company’s commitment to internationally recognised standards, including the Forest Stewardship Council certification requirements and the International Finance Corporation's Performance Standards on Environmental and Social Sustainability.
“These standards help us maintain access to key markets, strengthen stakeholder confidence and support our broader sustainability objectives,” Barnard added.
Discovery Green head Andre Nepgen said York Timbers had joined more than 50 other companies in selecting Discovery Green’s energy wheeling platform to meet their renewable-energy objectives.
Discovery Green, he added, had more than 740 MW in generation under development for such customers.
“Our partnership speaks to our intention to meaningfully support carbon-intensive industries in creating new value paths through the use of renewable energy, and meeting their sustainability objectives in the process,” Nepgen said.
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