View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 21, 2022

Anglo American partners with EDF Renewables on clean energy project

Anglo American aims to secure a fully renewable electricity supply for all its operations in South Africa by 2030.

French renewable energy company EDF Renewables has signed a deal with UK-based mining firm Anglo American to develop a regional renewable energy ecosystem (RREE) in South Africa.

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

The RREE will have the capacity to generate between 3GW and 5GW of clean electricity over the next ten years.

Under the initiative, EDF Renewables and Anglo American will focus on the development of solar, wind and storage facilities.

Power generated through the RREE ecosystem will be used to meet all Anglo American’s operational electricity requirements in South Africa from renewable sources by 2030.

The move is also intended to provide flexibility to the local electricity supply systems, as well as support the decarbonisation of the country’s energy mix.

EDF Renewables chairman and CEO Bruno Bensasson said: “The EDF Group is delighted to take a step forward with Anglo American towards this ambitious partnership.

“We are committed to supporting industrial players by providing low-carbon, competitive electricity that substitutes fossil energies and improves wider social and environmental issues.

“This project is also contributing to the country energy’s ambition to further the development of decarbonised energy.

“It is in line with EDF Group’s CAP 2030 strategy, which aims to double its net renewable installed energy capacity worldwide (hydropower included) from 28GW in 2015 to 60GW in 2030.”

Anglo American said that it expects to receive both equity and debt financing for the RREE project from various partners.

The company has already secured a fully renewable electricity supply for all its operations in South America.

Anglo American chief executive Mark Cutifani said: “We are targeting carbon neutrality across our operations by 2040 and we are making good progress.

“Our partnership with EDF Renewables to address our Scope 2 footprint in South Africa complements our FutureSmart Mining programme’s abatement of our Scope 1 emissions through low and zero-emission technologies, including our hydrogen haul truck system, and the development of South Africa’s Hydrogen Valley.”

Related Companies

Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology