Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) has signed a long-term Power Purchase Agreement (PPA) for wheeled renewable energy for the Tharisa Mine on the Bushveld Complex of South Africa.
The 15-year agreement with Etana will see 44% of Tharisa Mine's electricity energy supplied via wheeled energy from wind and solar farms in the Western Cape and Northern Cape using existing grid infrastructure.
Scheduled to come on stream in 2026, the new power will lower costs and boost its renewable energy certificates, said the miner.
It will complement the Tharisa Mine's 40 MW solar power plant, currently being developed by TotalEnergies and that will provide 30% of the mine’s needs.
The Etana PPA and the solar project will reduce the mine's carbon footprint by 30% by 2030 and see up to 76% of its energy coming from renewable energy from 2026 onwards.
Lucien Matthews, Tharisa’s executive of special projects, commented: "This second major renewable energy project is the natural progression in our quest to reduce our reliance on fossil fuel driven energy.”