DLO Energy Resources Group CEO Linda Mabhena-Olagunju
Fully black female-owned renewable energy company DLO Energy Resources Group recently acquired a 30% equity stake in the broad-based black economic empowerment special purpose vehicle of the Longyuan Mulilo wind projects in the Northern Cape.
This strategic move positions the group as the largest black female-owned shareholder in one of South Africa's largest operational wind farms, solidifying its commitment to renewable energy and empowering women in leadership roles, it acclaims.
DLO Energy Resources Group, headquartered in Johannesburg, operates as an independent power producer, driving the transition to clean and sustainable energy solutions in South Africa and other parts of the African continent.
The Longyuan Mulilo wind projects, a collaboration between DLO Energy Resources Group, China Longyuan Power Group, a consortium of South African entities, and a local community trust, boast a combined capacity of 244 MW.
These wind farms, comprising 163 turbines, are said to have been actively feeding clean electricity into the national grid since 2017, contributing to South Africa’s energy needs and mitigating the impact of loadshedding.
The wind farms have reduced carbon emissions by an estimated 619 900 t/y of carbon dioxide, furthering South Africa's commitment to combat climate change.
Meanwhile, DLO Energy Resources Group CEO Linda Mabhena-Olagunju is spearheading the company’s DLO African Women in Leadership Summit, taking place on August 15 in Sandton, coinciding with Women’s Month.
The summit aims to empower women and facilitate their entry into the energy sector by exploring opportunities within the energy value chain.
The event will provide a platform to expose women-owned entities to the potential that exists in the energy sector, specifically.
“The renewable energy sector still has a long way to go in respect to transformation and female representation especially when it comes to ownership and operational involvement.
“One of the initiatives we have taken as a company is to share the knowledge and experience we have gathered over the years and use our platform to open the door for other female entrepreneurs to access the renewable energy market, through assisting them with identifying the opportunities,” says Mabhena-Olagunju.
"The summit will offer a workshop on understanding the renewable energy value chain. We encourage suppliers to attend as there are many opportunities in the sector,” she adds.