Exxaro is open for green business as it participates in COP26
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Diversified miner Exxaro Resources, armed with both a Sustainable Growth and Impact Strategy and A Climate Change Response Strategy, hopes to garner investor interest at this year’s COP26 climate change summit.
The company has been setting out to become a principal driver of the just energy transition in South Africa over the past few years, all while targeting carbon neutrality by 2050.
The group also recently signed a landmark agreement to join forces with State-owned power utility Eskom and fellow coal miner Seriti Resources to jointly develop renewable energy projects, particularly at the mining companies’ Eskom-tied coal mining operations.
The decarbonisation benefits also extend to a reduction in value chain carbon emissions and contribution to a Just Transition.
As part of its growth and climate change strategies, Exxaro in April 2020 became the sole owner of renewable energy company Cennergi, which is currently undertaking a feasibility study for a 70 MW solar project in Lephalale.
Mthenjane says the plant will provide renewable energy for mining and associated activities at the company’s Grootegeluk Complex in Limpopo.
Cennergi has built two wind farms in the Eastern Cape, which contribute 229 MW of renewable energy to the national grid, as well as managing nine smaller solar plants or microgrids.
Cennergi is also engaging with other mining companies to provide them with bespoke renewable energy solutions.
Not only does this support Exxaro’s decarbonisation strategy, but it also contributes to decarbonisation of the mining industry and the country.
The company remains a firm believer that a holistic environmental, social and governance strategy is the only way to achieve true business sustainability and stimulate economic growth.
