Anglo American and EDF launch Envusa to green South African mines with power and hydrogen
Mining giant and global developer form joint venture with ambitions up to 5GW of wind, solar and storage
Anglo American and EDF Renewables cemented their huge ambitions in South African green power by forming a joint venture called Envusa Energy.
The mining giant and global renewables developer said Envusa will be central to their joint ambition to develop what they described as a “regional renewable energy ecosystem” of up to 5GW by 2030.
Envusa Energy will start life with “a mature pipeline of more than 600MW of wind and solar projects” that it hopes to be ready for construction in 2023.
“This first phase of Envusa Energy's renewables projects is expected to be fully funded – including by attracting debt financing that is typical for high quality energy infrastructure projects,” said a statement.
Nolitha Fakude, chair of Anglo American's management board in South Africa, said: "This is a significant milestone in Anglo American's global decarbonisation journey and another step forwards for South Africa's clean energy future.”
Anglo American is among a clutch of global mining groups to emerge as major consumers from – and in some cases developers of – renewable energy projects.