Exxaro halves its renewables investment target

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The coal miner has revised its target of developing 3GW of renewable energy by 2030 down to 1.6GW as it looks at other options to diversify

Exxaro, one of Eskom’s largest coal suppliers, said on Thursday that its pace of investment in renewable energy may not be as rapid as initially thought.

The company announced ambitious plans last year to diversify away from being a coal-only business as it strives to achieve a target of net-zero carbon emissions by 2050...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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