- The firm plans to lower its carbon footprint and diversify its energy mix.
Seriti Resources has announced its latest acquisition of a majority stake in Windlab Africa’s wind and solar-powered assets. The firm plans to reduce its carbon footprint and diversify its energy mix.
According to the chief executive officer of Seriti, Mike Teke, “the acquisition is a timely and strategic addition to our existing and valuable portfolio of coal assets. Our commitment to the responsible and reliable coal production for domestic consumption and exports remains unwavering.”
In line with the commitments made in the MOU signed in October 2021 with Eskom and Exxaro, Seriti will start using renewable wind and solar energy in its facilities by signing PPAs in 2023.