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Anglo American, EDF to develop renewable ecosystem in South Africa

October 05, 2022

Anglo American (LON: AAL) has joined forces with EDF Renewables to establish a new jointly owned company, Envusa Energy, which will focus on developing a regional renewable energy ecosystem (RREE) in South Africa.

The partners have been working since March on exploring how to support Anglo’s operational power requirements in the country, while boosting South Africa’s renewable energy sector and supporting its broader energy transition plans.  

As part of the agreement, Envusa Energy is launching a mature pipeline of more than 600 MW of wind and solar projects in South Africa – a major first step towards the development of an ecosystem that is expected to generate between 3 GW and 5 GW of renewable energy by 2030.

This first phase of Envusa Energy’s renewables projects is expected to be fully funded – including by attracting debt financing that is typical for high quality energy infrastructure projects – and ready for construction to begin in 2023.

[Cecilia Jamasmie]

More: Anglo American, EDF partner to boost renewable energy in South Africa

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