- This 140 MW wind farm is the fourth renewable energy project in which Sibanye has secured PPA, bringing its total contracted renewable capacity to 407 MW.
- African Infrastructure Investment Managers affiliates (ACED and EIMS Africa) lead the 20-year PPA wind agreement consortium.
Sibanye-Stillwater has closed a significant power purchase agreement (PPA) to procure 140 megawatts (MW) of wind power. This project aims to further the firm’s decarbonisation efforts to achieve carbon neutrality by 2040.
The agreement spans 20 years and involves a consortium led by African Clean Energy Developments (ACED) and Energy Infrastructure Management Services (EIMS Africa), both affiliates of the African Infrastructure Investment Managers (AIIM).
These entities are developing the Umsinde Emoyeni wind farm located on the border of the Northern Cape and Western Cape provinces.
The wind power generated by the Umsinde Emoyeni project will be supplied to Sibanye-Stillwater through Eskom’s grid under a secure transfer agreement. The project has already reached a financial close arranged by Rand Merchant Bank (RMB) and partially financed by AIIM’s IDEAS fund.
This 140 MW wind farm is the fourth renewable energy project for which Sibanye-Stillwater has secured PPAs, bringing its total contracted renewable capacity to 407 MW. With the Construction underway, the company expects commercial operations to commence in the fourth quarter of 2026.
The renewable projects, starting in 2027, aim to reduce the company’s emissions by 24 percent, equivalent to approximately 1.45 million tonnes of CO2 annually.
Furthermore, these initiatives will utilise renewable energy to meet 70 per cent of Sibanye-Stillwater’s electricity needs. The company aims to add 600 MW of clean energy in the near future to further support its sustainability goals.