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South African mining group signs 140MW PPA

RICHARD HEAP

June 3, 2024

South African mining group Sibanye-Stillwater will buy electricity produced by the 140MW Umsinde Emoyeni wind farm in the country’s Northern and Western Cape Provinces.

The project is being developed by African Clean Energy Developments and Energy Infrastructure Management Services, which are the development and asset management arms of African Infrastructure Investment Management. AIIM is a division of Old Mutual Alternative Investments. The development consortium also includes Reatile Renewables.

Sibanye-Stillwater has signed a 20-year power purchase agreement for electricity produced by Umsinde Emoyeni, which is due to be commissioned by the end of 2026. The project has just achieved financial close.

Neal Froneman, chief executive at Sibante-Stillwater, said: “Financial close of the Umsinde Emoyeni wind farm marks another critical step in our journey to carbon neutrality by 2040… We continue to develop and execute energy solutions that contribute to the delivery of our strategy.”

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