Renewable Energy

Renewable Energy

Services and Technologies

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We have concluded an agreement to acquire Khopoli’s 50% shareholding in Cennergi for an amount of R1,550 million, subject to normal working capital adjustments. Post this conclusion, Exxaro will have 100% ownership of Cennergi. Cennergi was awarded preferred bidder status for two (2) of their on-shore wind projects, namely the Amakhala Emoyeni Wind Farm Project (“AE”) and the Tsitsikamma Community Development Wind Farm Project (“TCWF”), under the Department of Energy’s rolling renewable energy independent power producer procurement programme (“REIPPPP”). TCWF is located approximately 30 km west of Humansdorp, falling within the Koukamma Local Municipality in the Eastern Cape Province of South Africa and comprises of 31 Vestas wind turbines with a 95.325 MW capacity. Cennergi has a 75% stake in TCWF. The AE wind farm is located between Cookhouse and Bedford in the Eastern Cape Province of South Africa. The 134.4 MW wind farm comprises of 56 Nordex turbines, each with a 91 m hub height and 2.4 MW capacity. Cennergi has a 95% stake in AE. Both windfarms were successfully commissioned in 2016.
ExxaroOur Climate Change Response Strategy is integral to our Sustainable Growth and Impact strategy and objectives as we understand that these elements of our business and operating environment are deeply connected. Our strategic response is also guided by our purpose of powering better lives in Africa and beyond. We believe our greatest opportunity is to help steer South Africa towards a sustainable future through undiluted focus on low-carbon minerals and energy. Our existing coal business portfolio will continue to remain relevant and central to our transition journey. South African government has outlined the energy transition of the country in the Integrated Resource Plan 2030. As the largest supplier of coal to Eskom we have the national responsibility to ensure that we continue to provide quality coal to Eskom during the energy transition process contained in the IRP-2030. We also recognise the risk of stranded assets due to transitional and physical risks of climate change that may make it difficult for our business to operate. To mitigate this risk we have implemented the Early value strategy that will optimise our coal resources to focus on realising maximum value in the shortest period. Climate change does not only present our business with risks, we are leveraging the opportunities presented by the transition to low carbon world. We are committed to meeting our target of being carbon neutral by 2050 by consistently reducing our direct emissions. We also have a responsibility to partner with our suppliers and customers in an effort to reduce our indirect emissions. Our metrics and targets will ensure we have visibility in our progress towards achieving this target and making our business climate-proof.

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