South African mining group Exxaro said in late November that it had acquired majority stakes in a 138-megawatt wind farm and a 75-megawatt solar plant, expanding its renewable energy portfolio.
The deals, covering the Gouda wind facility in the Western Cape and the Sishen solar plant in the Northern Cape, are valued at 1.7–1.8 billion rand (over $100 million).
Both plants supply electricity to state utility Eskom under 20-year power purchase agreements.
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The acquisitions will increase the operating capacity of Exxaro’s energy subsidiary, Cennergi, from 200 MW to nearly 317 MW.
They complement projects such as the 68-MW Lephalale Solar Project, which will provide power directly to the Grootegeluk mine, Ecofin Agency reported.
These investments align with Exxaro’s target of reaching 1.6 gigawatts of net renewable capacity by 2030, reflecting the company’s growing focus on renewables alongside its traditional fossil fuel operations.
The move also mirrors a wider trend among South African miners developing renewable energy for self-supply and as independent power producers, particularly as environmental standards for exports tighten, including through the EU’s carbon border adjustment mechanism.
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Image Credit: African Mining Market
