MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Renewable Energy & Alternative Energy Solutions News » Western Cape’s largest embedded solar Power Purchase Agreement 

Western Cape’s largest embedded solar Power Purchase Agreement 

ATLANTIS Foundries (Pty) Ltd (AF), one of Africa’s largest foundry operations, has signed a long-term Power Purchase Agreement (PPA) with Energy Partners (EP), an integrated energy solutions company. 

According to the terms of the agreement, EP will engineer, finance, construct and operate the ground-mounted solar energy system at AF’s production plant, comprising more than 20,000 solar panels and boasting a total rated capacity of 13.5MWp. It will be the Western Cape’s largest embedded generation solar project.

“Likely the highest CO2 emissions saving in SA auto industry”

Chief Executive Officer of EP, Manie de Waal, affirms that the PPA, set to commence on May 1, 2024, will not only provide AF with a reliable electricity source at a substantially reduced cost over the next 20 years, it will also align AF with growing environmental awareness in the automotive industry. 

“Opting for renewable energy is a significant step, and the system that we designed for AF is expected to save more than 22,000 tons of CO2 emissions annually, likely the highest reduction achieved in the South African automobile industry. In financial terms, the system will generate electricity worth more than R35 million per year at current average Eskom tariffs,” he confirms. 

The system, which has been specifically engineered to align with the foundry’s electrical consumption profile, is estimated to replace up to 20 percent of AF’s annual electricity consumption, considerably reducing its carbon footprint and representing a major step towards sustainable energy utilisation. 

It will be integrated into AF’s electrical network that is connected to the City of Cape Town’s grid, and excess energy generated by the plant will be fed into the City’s network through the feed-in programme, contributing to the overall renewable energy capacity of Cape Town.

Collaborating for renewable energy adoption

Says Pieter du Plessis, CEO of AF, “AF, as part of the Daimler Truck AG, with this renewable energy generation project, we are setting new standards in the South African automotive industry and alleviating pressure on our constrained national grid. It is a result of extensive cooperation between the AF and EP teams, in conjunction with the Western Cape government and City of Cape Town. Thank you to everyone involved.”

The project sets the stage for future embedded generation systems exceeding 1MW within Cape Town and the rest of the province.

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Red Rocket enlists Bioseco in tech-powered initiative to protect birdlife on its wind farms

RED Rocket is proud to announce the implementation of a revolutionary system that ensures the protection of bird species on its wind farms, marking...

Discovery Green and Sasol launch a wheeling renewable energy product for SMEs

By Larry Claasen DISCOVERY Green, a Discovery company, and global energy firm Sasol, launched a wheeling renewable energy product for small and medium size businesses. Ampli...

MUST READ

Strategic co-location of IFAT Africa and analytica Lab Africa to boost...

IFAT Africa and analytica Lab Africa will be co-located at the Gallagher Convention Centre this year to optimise the synergies across the laboratories, science...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.