British multinational mining company, Anglo American, has signed an agreement with French-conglomerate, EDF Renewables, to co-develop a regional renewable energy ecosystem (RREE) in South Africa, which will enable the mining firm to power its operations with 100% clean energy by 2030 in line with the company’s global greenhouse gas emissions reduction strategy.
Anglo American has set a target to achieve carbon-neutrality across its global operations by 2040, and the RREE, which will comprise off-site and on-site wind and solar energy farms, will enable the mining giant to decarbonize the South African grid – the firm’s single largest source of scope 2 emissions – and move towards the goal.
Anglo American and EDF Renewables will work together to develop between 3 to 5 GW of renewable and energy storage capacity by 2030. Anglo American says it will fund the rollout of the RREE using a combination equity financing which the company will source from its partners and debt financing that is mainly used to deploy renewables energy projects.
British multinational mining company, Anglo American, has signed an agreement with French-conglomerate, EDF Renewables, to co-develop a regional renewable energy ecosystem (RREE) in South Africa, which will enable the mining firm to power its operations with 100% clean energy by 2030 in line with the company’s global greenhouse gas emissions reduction strategy.
Anglo American has set a target to achieve carbon-neutrality across its global operations by 2040, and the RREE, which will comprise off-site and on-site wind and solar energy farms, will enable the mining giant to decarbonize the South African grid – the firm’s single largest source of scope 2 emissions – and move towards the goal.
Anglo American and EDF Renewables will work together to develop between 3 to 5 GW of renewable and energy storage capacity by 2030. Anglo American says it will fund the rollout of the RREE using a combination equity financing which the company will source from its partners and debt financing that is mainly used to deploy renewables energy projects.
