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Zondereinde solar photovoltaic project, South Africa – update

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11th October 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Zondereinde solar photovoltaic (PV) project.

Location
Limpopo, South Africa.

Project Owner/s
Northam Platinum Holdings. Development is in collaboration with an independent power producer through a power purchase agreement, which will fund the construction and then manage the installations. 

Project Description
The development of an 80 MW solar power farm is in progress.

The plant will deliver 220 GWh/y of energy directly into Zondereinde’s mining and smelting operations, independent of State-owned entity Eskom’s grid, reducing the operation’s carbon footprint by 22%.

Further benefits include significant cost savings and reduced power supply risk.

Power will be supplied behind the Eskom meter, and will, thus, not be subject to load curtailment.

The project is part of a broader strategy to reduce Northam’s environmental impact while securing the supply of bulk services.

This includes a reduction in carbon intensity by 60% from a 2019 baseline by 2030, while improving power availability and decreasing overall electricity costs.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Construction has started and the plant will start supplying electricity to Zondereinde from December 2025.

Latest Developments
Northam has finalised a power purchase agreement (PPA) with an independent power producer (IPP) for the solar power plant to service its Zondereinde operation.

The IPP comprises a consortium, including the Stanlib Infrastructure Fund II – with a 51% equity stake in the solar farm – Royal Bafokeng Holdings and Energy Group. 

Project finance is being provided by Nedbank, acting through its Nedbank Corporate and Investment Banking division, and Standard Bank of South Africa, acting through its Corporate and Investment Banking division.

Northam is at an advanced stage of progressing additional renewable-energy projects, including solar, wind and battery storage initiatives.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
R&A Strategic Communications, on behalf of Northam Platinum, tel +27 11 880 3924 or email northam@rasc.co.za.

Edited by Creamer Media Reporter

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