Chemicals and energy group Sasol has signed three power purchase agreements for almost 300MW of wind energy, which will help kick off its decarbonisation plans for its Southern African value chain.
News of the green power agreements did little to boost the Sasol share price, which was flat at R303 a share in Tuesday morning trade. The group also reported a 2% and 5% decline in sales revenues and volumes respectively for its six months to end December, due to continued operational challenges at its coal mines.
Sasol and Msenge Emoyeni Wind Farm have signed a long-term PPA for the supply of 69MW of wind powered renewable power to the Sasolburg operations and expected to be online within the first quarter of 2024. This, Sasol said, is key in achieving the first production of green hydrogen generated from renewable energy sources at Sasolburg and progressing the group's ambition to lead the development of a green hydrogen economy in Southern Africa.
Sasol and Air Liquide have also jointly signed two long-term PPAs with Enel Green Power for the supply of a total capacity of 220MW of wind powered renewable power to the Secunda operations.
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_Business Sasol going for wind energy to keep supplying fuels. The irony.
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