Buffelspoort Project solar energy facility with an investment of R1 billion is proceeding according to schedule in south Africa. Buffelspoort Project solar energy facility undertaken jointly by Chariot Transitional Power in this process it will aid Tharisa Minerals in achieving their goal of reducing carbon emissions by 30% in 2030, as expressed by Tharisa’s Investor Relations and Communications Head, Ilja Graulich.
“As a developer with a focus on Africa and an independent power producer, our primary mission is to create, fund, and manage renewable projects within Africa, with the aim of supplying renewable energy to private consumers,” expressed Chariot CEO Benoit Garrivier in a statement issued by the Department of Trade, Industry, and Competition. This underscores Chariot’s commitment to fulfilling its investment commitment, initially made during the fifth South African Investment Conference led by President Cyril Ramaphosa in Johannesburg earlier this year.
Commencement date for the construction of Buffelspoort Project solar facility
Construction of the Buffelspoort solar energy facility is set to being on the second quarter of 2024, is anticipated to generate employment opportunities for approximately 200 individuals, predominantly selected from nearby communities.
This project is poised to produce a maximum of 40 MW of photovoltaic (PV) electricity to supply Tharisa’s platinum group metals (PGMs) and chrome mine, which is listed on the London and Johannesburg stock exchanges, located in Rustenburg.
“South Africa holds significant importance for Chariot due to its substantial presence in Sub-Saharan Africa, the wealth of renewable solar resources, the presence of robust corporate off-takers, and supportive government policies. Various governmental efforts in recent years have rendered the South African market highly favorable. We are thrilled to collaborate on this project with our partner Total Energies, contributing to the reduction of Tharisa’s carbon footprint by establishing an independent power source for their mining operations,” emphasized Garrivier.
Chariot is set to provide solar energy to the Karo PGMs mine in Zimbabwe, in which Tharisa has a 70% ownership stake. The initial installed capacity will be 30 MW, and this is part of a larger 300 MW project planned to evolve alongside the mine’s development.
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