Page 11 - AfrElec Week 12 2022

AfrElec RENEWABLES AfrElec

Anglo American, EDF Renewables

to develop renewable energy in

South Africa

SOUTH AFRICA ANGLO American has signed a Memorandum amongst other opportunities. Anglo American
of Understanding (MoU) with EDF Renewables anticipates that a number of partners will pro-
to co-operate in developing a regional renewable vide equity financing for the RREE, in addition
energy ecosystem (RREE) in South Africa. to the RREE attracting debt financing that is
This is expected to be designed to meet Anglo typical for high quality energy infrastructure
American’s operational electricity requirements projects.
in South Africa through the supply of 100% The partnership is expected to benefit South
renewable electricity by 2030, supporting local Africa and the region by implementing 3-5 GW
electricity supply systems and wider energy of renewable electricity (solar and wind) and
decarbonisation. storage over the next decade, thereby increasing
Anglo American said it has already secured total grid supply resilience. It will also support
100% renewable electricity supply for all its oper- the decarbonisation initiatives of governments
ations in South America, with 56% of its global across Southern Africa and stimulate the devel-
grid supply expected to be sourced from renew- opment of new economic sectors, local produc-
ables by 2023. South Africa has an abundance tion and supply chains.
of renewable energy sources such as wind and Anglo American CEO Mark Cutifani said:
solar, but a limited renewables infrastructure to “We are targeting carbon neutrality across our
harness it. operations by 2040 and we are making good
“As Anglo American progresses towards its progress.… Our partnership with EDF Renew-
2040 target of carbon-neutral operations, this ables to address our Scope 2 footprint in South
partnership with EDF Renewables is designed Africa complements our FutureSmart Mining
to abate the largest single source of its Scope 2 programme’s abatement of our Scope 1 emis-
emissions, being its current grid supply in South sions through low and zero emission technolo-
Africa. The RREE aims to support South Africa’s gies, including our hydrogen haul truck system,
decarbonisation ambitions and the country’s and the development of South Africa’s Hydro-
Just Energy Transition, creating a sustainable gen Valley. Step by step, we are changing the
and inclusive future,” the company said in a press very nature of mining and how our stakeholders
release. experience our business – while supporting a
The RREE will draw on South Africa’s natu- Just Transition.”™
ral renewable energy potential to develop a net-
work of on-site and off-site solar and wind farms,

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