- Seriti Green, the subsidiary of mining company Seriti Resources, will soon start construction of a 155 MW wind farm in South Africa’s Mpumalanga province.
- The facility will power Seriti Resources’ coal operations as South Africa seeks to move away from fossil fuels.
South Africa will soon see the construction of a new wind farm. This is the core of the power purchase agreement (PPA) that was just signed between Seriti Resources, a South African coal firm, and Seriti Green, a division of Seriti Resources that specializes in producing renewable energy. In the eastern South African province of Mpumalanga, Seriti Green plans to construct a 155 MW wind farm.
The South African Department of Forestry, Fisheries, and Environment has even granted environmental permission to the project, which is already far along. This is a crucial stage in building the wind farm, which will be linked to the state-owned Eskom grid to supply Seriti’s coal mines in the province of Mpumalanga.
For instance, the mining company run by Mike Teke runs an open-pit and underground mining complex near Kriel. The complex, which is 45 kilometers south of eMalahleni, directly delivers coal to Eskom’s 3,000 MW Kriel power plant.
South African banks Standard Bank and Rand Merchant Bank are funding the 155 MW wind farm development even though the project’s financial close is anticipated for the second half of 2023. (RMB). The project will cost 4 billion South African rands, or a little over $227 million when it is finally put into operation in 2025. The wind farm will be able to supply 165 000 South African houses with electricity, claims Seriti.