In a groundbreaking move towards sustainable practices, Grootegeluk mine has announced the construction of the 68 Megawatt Lephalale Solar Project (LSP), with an estimated cost of R1.15 billion.
This innovative project, set to be completed by mid-2025, is expected to have a significant impact on reducing emissions and cutting electricity costs for the mine.
The project, funded through project financing of R4.1 billion for operating wind assets, will result in a reduction of 161 kilotonnes of Scope 2 emissions per year.
This environmentally-friendly initiative not only showcases Grootegeluk mine’s commitment to sustainable practices but also highlights the potential for renewable energy solutions in the mining industry.
Acting CEO Riaan Koppeschaar expressed excitement about the project’s potential, stating that once completed, the LSP is expected to deliver substantial electricity cost savings for the mine, further solidifying its position as a trailblazer in the field of clean energy.
He said the project financing for the LSP is set to be fully settled by 2042, providing a long-term sustainable energy solution for the mine.
“With the construction of the Lephalale Solar Project progressing as planned, Grootegeluk mine is paving the way for a greener and more cost-effective future.”
This project serves as a shining example of how companies can transition to renewable energy sources while also reaping the benefits of reduced emissions and operational costs.
As the mining industry continues to face pressure to reduce its environmental footprint, initiatives like the Lephalale Solar Project are crucial in driving sustainable change and setting a new standard for corporate responsibility.
Grootegeluk mine’s commitment to sustainability is not only benefitting the environment but also showcasing the financial advantages of investing in clean energy.
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