Platinum mines operated by Johannesburg Stock Exchange-listed diversified mining company African Rainbow Minerals (ARM) will be on the receiving end of clean power from a R2.5-billion solar plant now under construction in South Africa’s North West province. This follows local independent power producer SOLA Group reaching agreement with local commercial banks and partners to provide finance to start construction on the 132 MWp solar project, which will sell energy to ARM’s platinum mining operations through a long-term power purchase agreement.
JOHANNESBURG – Platinum mines operated by Johannesburg Stock Exchange-listed diversified mining company African Rainbow Minerals will be on the receiving end of clean power from a R2.5-billion solar plant now under construction in South Africa’s North West province.
This is the third large-scale renewable energy project closed by SOLA in six months, bringing its total number of megawatts under construction to 390 MW. This involves 588 000 solar panels spread over an area of 750 ha and providing close to 1 TWh of energy a year, which is the equivalent of 11% of South Africa's electricity supply shortfall, as well as the creation of 1 200 employment opportunities.
This project, plus two other projects under construction in the North West, brings R6.4-billion worth of investments and more than 300 MWAC to the province, with African Rainbow Energy now invested in a gigawatt of renewable energy projects. African Rainbow Energy holds 40% of SOLA and the main shareholder of African Rainbow Energy is Ubuntu-Botho Energy Holdings founded by ARM executive chairperson DrIn the 12 months to June 30, ARM achieved the 4% carbon reduction target that Motsepe set for it. “But that’s just the tip of the iceberg,” former ARM CEOhas reported, in his new green capacity as executive of growth and strategic development in the chairperson’s office.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kim Kardashian unveils North West’s newest Bob Ross-like paintingThe Skims founder shared North’s painting of a beautiful sunset on the beach enriched with vibrant purple, pink and orange hues years after her art drama.
Read more »
BMA signs new clean power dealThe BHP Mitsubishi Alliance (BMA) has entered into a new renewable power purchase agreement (PPA) with Queensland’s publicly owned energy generator and retailer CleanCo, which is expected to provide half the forecasted electricity demand of BMA’s Central Queensland operations over five years from January 2026. An agreement between BMA and CleanCo is currently in place to power 50% of BMA’s current Queensland electricity needs with renewables, and the second PPA, which will run to the end of 2030, will effectively extend the existing agreement which runs to the end of 2025.
Read more »
27 Fall Cleaning Products To Help You Clean Up The Mess That Summer Left BehindYou might ~fall~ head over heels for these cleaning products — and no one will blame you for it.
Read more »
Clean Cities Celebrates 30 Years Of Acting Locally To Generate National ImpactClean transportation technologies are entering the market and hitting the roads faster than ever with billions of dollars in new investments
Read more »
Arizona added 2,374 clean-energy jobs in 2022, near pre-pandemic levelsArizona added more than 2,300 clean-energy industry jobs last year, falling just shy of the state’s pre-pandemic employment levels but matching the nation for job growth in the sector.
Read more »
Winless Chargers still have plenty to clean up after OT loss to TitansThe Los Angeles Chargers have only themselves to blame for being winless to start this NFL season. Losing by a combined five points doesn’t ease the stunning pain of being 0-2.
Read more »