A R1 billion solar energy project is all set to be developed in South Africa.
The project aimed at providing electricity to the Tharisa mine in Northwest province. The construction of project is likely to commence next year.
As per the local reports, the Rustenburg-based project is “designed to generate up to 40MW of photovoltaic power to supply electricity to Tharisa Minerals’ platinum group metals and chrome mine.”
It comes at a time when Tharisa had pledged to reduce carbon emissions by 30% by 2030 and achieve net carbon neutrality by 2050.
It has been informed that the “Buffelspoort Solar Energy project responds to the current energy challenges and load shedding in South Africa, as Tharisa aims to enhance the stability of its electricity supply by diversifying away from reliance on the state utility,” a local report mentioned.
Chariot’s CEO, Benoit Garrivier, shared that the company focuses on developing, financing, and operating renewable projects in Africa and selling renewable energy to private off-takers.
South Africa is regarded as an important market for renewable energy projects due to its favorable conditions.