Mining companies are expected to spend $3.8bn on renewables projects, with plans for a combined capacity of 585 MW in solar energy alone.
Following the South African government’s landmark decision in late-2021 to increase the licensing threshold for embedded generation projects from 1 MW to 100 MW, mining companies in South Africa are expected to spend as much as $3.8 billion on renewable energy projects in the near-term.
The industry plans to introduce up to 3,900 MW of solar, wind, and battery energy projects, with several mining companies operating in the southern African country having already implemented plans to develop solar photovoltaic (PV) plants, with a combined capacity of 585 MW.
Top 5 Mining Companies Adopting Solar Energy in South Africa
