- Sibanye-Stillwater, a diversified metals producer in South Africa, has signed its first power purchase agreement to buy electricity from a new wind farm in the Northern Cape.
- The 89 MW wind farm, which is being built near De Aar, will be the largest private wind farm in South Africa.
- A consortium including Red Rocket, a local developer, and Kabi Solar, a Black-owned renewable energy company, will finance and build the wind farm.
- The power purchase agreement guarantees that Sibanye-Stillwater will purchase the wind farm’s power for 15 years, ensuring that the project is financially viable.
- The wind farm is expected to be operational by the end of 2023 and will help to diversify South Africa’s energy mix and reduce the country’s dependence on fossil fuels.
- The project is also expected to create local jobs and to support economic development in the Northern Cape.
- The power purchase agreement is part of Sibanye-Stillwater’s broader commitment to sustainability and to reducing its carbon footprint.
- The company has set a target of achieving net-zero carbon emissions by 2040 and is investing in a range of renewable energy and energy efficiency initiatives to help achieve this goal.
Sibanye CEO Neal Froneman