Home » R2.5bn Solar Project to Power North West Platinum Mines

R2.5bn Solar Project to Power North West Platinum Mines

by Adenike Adeodun

In a move toward cleaner energy, African Rainbow Minerals (ARM), a Johannesburg Stock Exchange-listed mining firm, will get power from a R2.5-billion solar plant in North West province.

Local power producer, SOLA Group, has secured funding from major banks and regional partners for the 132 MWp solar project. As a result, ARM’s platinum mines will use this energy under a long-term power agreement.

From 2026, ARM Platinum will receive 270 GWh of green electricity each year for 20 years, thanks to SOLA and stakeholders like African Rainbow Energy. Every part of this project, from funding to planning, is South African, boosting local pride and the economy.

Mining Weekly reported that this is SOLA’s third major renewable project in six months, raising its total capacity to 390 MW. This involves 588,000 solar panels over 750 hectares. Once working, it will offset about 11% of South Africa’s power shortage and create over 1,200 jobs.

With construction firm WBHO, SOLA will oversee the plant’s build and operation. SOLA’s co-founder, Chris Haw, says this venture will revitalize local economies, especially in job-scarce areas.

The project also supports skills training, meeting South Africa’s expected annual need for 6,000 MW of new green energy for the next ten years.

The North West province will see investments of R6.4-billion, proving African Rainbow Energy’s commitment to renewables. CEO Brian Dames says they aim to modernize private utilities, boosting clean energy and job opportunities for South Africans.

Consultancy for this eco-friendly project came from respected firms like Faskens, Pinsent Masons, and Prozesky Consulting.

Notably, African Rainbow Energy owns a 40% share in SOLA, and its main shareholder is Ubuntu-Botho Energy Holdings, led by ARM’s chair, Dr. Patrice Motsepe.

Under Motsepe, ARM achieved a 4% carbon cut last year. The company also targets reducing mining-related greenhouse gas emissions by 2050 and updates these goals annually.

ARM, a member of the International Council on Mining and Metals, revealed its 2017 plan to reach net-zero emissions. This plan pushes the company towards better energy efficiency and less fossil fuel use.

To wrap up, ARM ties staff rewards to eco-friendly projects, showing its dedication to a sustainable mining future.

You may also like

Leave a Comment

The African Miner is the vanguard of the mining industry, delivering world-class insight and news.

Latest Stories

© 2024 The African Miner. All Rights Reserved.