TIDMAAL
RNS Number : 6401B
Anglo American PLC
04 October 2022
4 October 2022
Anglo American and EDF Renewables agree renewable energy
partnership in South Africa to form Envusa Energy - launching
600MW of wind and solar projects in first phase
Anglo American in partnership with EDF Renewables announce their
agreement to form a new jointly owned company, Envusa Energy, to
develop a regional renewable energy ecosystem ("RREE") in South
Africa.
In March 2022, the two companies signed a Memorandum of
Understanding to explore the ecosystem's development, designed to
meet Anglo American's operational power requirements in South
Africa and support the resilience of the local electricity supply
systems and the wider decarbonisation of energy in the country. The
RREE is also expected to catalyse economic activity in South
Africa's renewable energy sector, supporting the country's broader
just energy transition.
As part of the agreement, Envusa Energy is launching a mature
pipeline of more than 600 MW of wind and solar projects in South
Africa - a major first step towards the development of an ecosystem
that is expected to generate 3-5 GW of renewable energy by 2030.
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 - and ready
for construction to begin in 2023.
Envusa Energy is expected to supply Anglo American with a blend
of renewable energy generated on Anglo American's sites and
renewable energy transmitted via the national grid. This energy
portfolio approach will aggregate energy from geographically
dispersed renewable generating assets and allocate this energy
optimally to meet the load demand for Anglo American's sites.
Nolitha Fakude, Chair of Anglo American's Management Board in
South Africa , said: "I'm delighted to confirm our ground-breaking
partnership with EDF Renewables to form Envusa Energy. This is a
significant milestone in Anglo American's global decarbonisation
journey and another step forwards for South Africa's clean energy
future. We are making great strides towards our 2040 target of
carbon neutral operations, while contributing to South Africa's
just energy transition through our responsible approach. We believe
that the energy transition presents a fresh opportunity for South
Africa and the rest of the region to build a clean and inclusive
energy ecosystem that can create significant new economic
opportunities. I am very encouraged by our progress - affirming
Anglo American's commitment to South Africa's next phase of
development towards a low-carbon future."
Tristan de Drouas, CEO at EDF Renewables in South Africa , said:
"We are very pleased to be part of this very innovative venture and
look forward to bringing our global expertise in renewable energy
infrastructure development, design and delivery to Envusa Energy.
This partnership with Anglo American confirms our long-term
perspectives in the country: this 600 MW first tranche of projects
will be added to the almost 1 GW that EDF Renewables will be
building or operating in the country by 2023 - including 420 MW of
wind projects in REIPPP Bid Window 5, whose PPAs were signed with
Eskom and the DMRE on 22 September 2022. Together, these projects
further EDF Group's CAP 2030 strategy, which aims to double our net
renewable installed energy capacity worldwide (hydropower included)
from 28 GW in 2015 to 60 GW by 2030."
The roll-out of the RREE will also serve as a clean energy
source for the production of green hydrogen for Anglo American's
nuGen(TM) Zero Emission Haulage Solution (ZEHS) - a planned fleet
of hydrogen-powered ultra-class mine haul trucks - significantly
reducing on-site diesel emissions towards a carbon neutral future
while also supporting the development of South Africa's Hydrogen
Valley.
Through the formation of Envusa Energy, Anglo American and EDF
Renewables are committed to supporting South Africa's economic
transformation and empowerment goals. The process to identify an
appropriate Black Economic Empowerment (BEE) partner for Envusa
Energy is expected to begin in the fourth quarter of 2022.
Furthermore, and in line with both companies' commitment to a
just energy transition, Envusa Energy is exploring a range of
community partnership models that will enable host communities to
share in the benefits created by the development of the RREE, along
its value chain. The RREE is an opportunity to help build a more
collaborative and inclusive economy that places people and the
principle of shared prosperity at the heart of development. We
expect that the development of the ecosystem will generate a range
of new economic opportunities and contribute towards unlocking
South Africa's growth and development potential.
For further information, please contact:
Media Investors
Anglo American
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968 8574
Michelle Jarman
South Africa michelle.jarman@angloamerican.com
Nevashnee Naicker Tel: +44 (0)20 7968 1494
nevashnee.naicker@angloamerican.com
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Nompumelelo Kunene
nompumelelo.kunene@angloamerican.com
Tel: +27 (0)66 484 5522
EDF Renewables
France South Africa
Manon de Cassini-Hérail Sue Parker-Smith
manon.decassini-herail@edf-re.fr communications@edf-re.co.za
Tel: +33 (0)6 29 48 43 40 Tel: +27 21 657 4200
Eugénie Gai
Eugenie.gai@edf-re.fr
Tel: +33 0(6) 10 89 41 24
Notes to editors:
Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
with a broad range of future development options, provides many of
the future- enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
steelmaking coal, and nickel - with crop nutrients in development -
we are committed to being carbon neutral across our operations by
2040. More broadly, our Sustainable Mining Plan commits us to a
series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a
corporate leader. We work together with our business partners and
diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
EDF Renewables is an international leader in renewable energy,
with a gross installed capacity of 15.6 GW worldwide. Its
development is largely driven by wind (onshore and offshore) and
solar photovoltaic power, and more recently battery storage. EDF
Renewables operates in majority in Europe and North America but is
continuing to grow by moving into promising emerging regions such
as Brazil, China, India, South Africa, Australia and the Middle
East. EDF Renewables develops, builds, operates and maintains
renewable energy projects, both for itself and for third
parties.
Since 2011, EDF Renewables has established itself as a leading
Independent Power Producer in South Africa, having successfully
developed a portfolio of renewable energy projects. The subsidiary
currently operates 142MW of wind farms in South Africa and has been
awarded over 800MW in new projects in 2021.
www.edf-re.co.za
Envusa Energy ("Envusa") is a jointly owned company formed by
Anglo American and EDF Renewables. The company will supply a blend
of renewable energy, generated on Anglo American's sites in the
southern Africa region, and renewable energy transmitted via the
national grid. This energy portfolio approach will aggregate the
energy from the geographically dispersed renewable generating
assets and allocate the energy optimally to meet load demand for
Anglo American's sites in the region.
The name Envusa is inspired by the Nguni word, Vusa, which means
"to awaken" or "new beginnings" in other contexts.
Forward-looking statements:
This document includes forward-looking statements. All
statements other than statements of historical facts included in
this document, including, without limitation, those regarding Anglo
American's financial position, business, acquisition and divestment
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Such forward-looking statements are based on numerous
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as required by applicable law, the City Code on Takeovers and
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SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
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