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SA’s new renewable energy venture between Anglo and EDF

Anglo American and EDF Renewables formed Envusa Energy to develop an RREE in South Africa.

According to News24 the two firms signed a memorandum of cooperation in March to explore developing the ecosystem to meet the mining giant’s power needs in SA.

Envusa Energy will launch 600 MW of wind and solar projects in the first stage.

This is a big step toward developing an ecosystem that will produce 3-5 GW of renewable power by 2030.

This first phase of Envusa Energy’s renewable – energy initiatives is expected to be fully funded by 2023, including debt financing typical for high-quality energy infrastructure projects, the companies said Tuesday.

This joint establishment follows record load shedding. SA’s electricity comes from Eskom.

Envusa will supply Anglo with renewable energy generated on its sites and from the national grid.

Nolitha Fakude, chair of Anglo American’s South African management board, called this a milestone in South Africa’s clean energy future.

“We’re making great strides toward our 2040 carbon neutrality target while contributing to South Africa’s just energy transition.

We believe the energy transition offers South Africa and the region a chance to build a clean, inclusive energy ecosystem that can create new economic opportunities. Fakude said he’s encouraged by Anglo American’s commitment to South Africa’s low-carbon future.

Tristan de Drouas, CEO of EDF Renewables in South Africa, is also going to look forward to this innovation and helping to bring global expertise to Envusa Energy.

This collaboration with Anglo affirms our long-term points of view in the country: this 600MW first tranche of projects will be added to the almost 1 GW EDF Renewables will build by 2023.

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