Seriti To Begin Constructing 155MW Wind Farm In South Africa
The US$235 million project will power the company’s coal mining operations.
Seriti Green, the renewable energy subsidiary of South Africa's Seriti Resources, is set to begin construction of a 155MW wind farm in Mpumalanga to be completed over the next two years at the cost of US$235 million.
The output will be wheeled through the national grid to Seriti Resources' coal mining operations. Standard Bank and RMB have supported the financing of the project.
Seriti Resources, which supplies coal to the South Africa's power utility Eskom, announced the acquisition of Windlab Africa’s wind and solar energy assets in August 2022, marking its entry into the renewable energy market.
“The 155MW wind farm, expected to feed power into the national grid by 2025, is the company’s first step towards becoming a diversified energy producer,” said Mike Teke, CEO of Seriti Resources.
Peter Vann, CEO of Seriti Green, said the 155MW wind farm could supply 75% of Seriti Resources’ power requirements at its coal mining operations.
The project is an example of a quick switch to green energy sources forced by Eskom’s load-shedding practices, which have reached an all-time high.
Seriti Green says it aims to develop 3,000MW of wind and solar projects in the next decade.
GOOD NEWS: Seriti Resources and its #RE subsidiary, Seriti Green, have announced that Seriti Green will soon begin construction on SA’s largest wind farm in #Mpumalanga, with power supply coming online by 2025.— SAWEA (@_sawea) February 2, 2023
Read more here: https://t.co/fG2cB4V9Hv @pcvenn @RenewEnergySA pic.twitter.com/jTs2mnf6CG
The wind farm represents the first phase of a 900MW renewables programme planned for South Africa, involving the development of 750MW of wind energy facilities and 150MW of solar plants, which has been designated as a Strategic Integrated Project by the Department of Public Works & Infrastructure.
Photo: Wind farm (Leaflet, distributed under a CC BY-SA 3.0 licence)
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