- Sibanye has already signed a power purchase deal for an 89MW wind project and aims to reach 550MW of renewable power by 2040.
- Juwi has received numerous requests from local mines to develop renewable energy projects and has 400 MW of EPC projects in advanced stages of development for mines in South Africa.
According to Juwi South Africa, a developer of renewable energy projects, South African mining corporations are actively embracing renewable energy sources, including solar and wind power, to alleviate the nation’s electricity crisis and lower prices and emissions. Due to the nation’s energy shortage, mining businesses have been instructed to cut back on their energy use, which will affect the amount of minerals they produce. Up to 30% of the country’s energy is used by the mining industry.
Meanwhile, President Cyril Ramaphosa’s energy sector reforms have provided momentum to private power projects by removing licensing restrictions. The country’s Minerals Council has stated that South African mining companies are collectively working on 6,500 megawatts of renewable power, with plans to generate 2,294MW of their own power by 2025.
Numerous local mines have asked Juwi to build renewable energy projects, and the company currently has 400 MW of EPC projects for South African mines in advanced stages of development. Impala Platinum, Sibanye, and other significant mining firms are actively pursuing renewable energy measures to cut carbon emissions, save money, and increase energy security.