DLO Energy Resources Group, a fully black female-owned renewable energy company, has acquired a 30% equity stake in the special purpose vehicle (SPV) of the Longyuan Mulilo wind projects.
- This acquisition positions DLO Energy as the largest black female-owned shareholder in one of South Africa’s largest operational wind farms, showcasing their commitment to renewable energy and women’s leadership.
- Headquartered in Johannesburg, DLO Energy operates as an independent power producer, driving the transition to clean and sustainable energy solutions in South Africa and across Africa.
- The Longyuan Mulilo wind projects, a collaboration between DLO Energy, China Longyuan Power Group, South African entities, and a local community trust, have a combined capacity of 244 MW.
- These wind farms, consisting of 163 turbines, have been actively supplying clean electricity to the national grid since 2017, contributing to South Africa’s energy needs and mitigating the impact of load shedding.
- The wind farms have achieved a significant reduction in carbon emissions, estimated at 619,900 tonnes of carbon dioxide per year, aligning with South Africa’s commitment to combat climate change.
- CEO Linda Mabhena-Olagunju is leading DLO Energy’s African Women in Leadership Summit, scheduled for August 15 in Sandton, coinciding with Women’s Month.
- The summit aims to empower women and promote their involvement in the energy sector by exploring opportunities within the renewable energy value chain, fostering knowledge sharing, and creating access for female entrepreneurs.