Anglo American subsidiary: Envusa Energy completes financing for wind and solar projects in South Africa

The initiative will enable Anglo American Platinum to receive 461 MW of supply.

Anglo American announced that its renewable energy company, jointly owned with EDF Renewables, Envusa Energy, has completed project financing for its first three wind and solar projects in South Africa.

These three renewable energy projects, known as the Koruson two project group and located on the border of the Northern Cape and Eastern Cape provinces of South Africa, will have a total capacity of 520 MW of wind and solar electricity generation.

Anglo American's Regional Director for Africa and Australia, Themba Mkhwanazi, noted that "the successful financing of these initial projects marks our first major step towards addressing Anglo American's largest remaining source of Scope 2 emissions: our electricity supply in southern Africa. As we move towards our commitment to carbon-neutral operations by 2040, we also see the opportunity to enhance energy reliability and network resilience in South Africa."

The terms and structure of this non-recourse project financing are typical of high-quality renewable energy infrastructure assets.

The Umsobomvu Wind (140 MW), Hartebeesthoek Wind (140 MW), and Mooi Plaats Solar (240 MW) projects are part of Envusa Energy's wind and solar initiatives portfolio in South Africa.