Sasol seals deal for wind power as coal mining outlook dims | Business

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.

_Business Sasol going for wind energy to keep supplying fuels. The irony.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Caution about Eskom's 'new' plan - but private power may come to the rescue | BusinessAs the country stares down possible Stage 2 and 3 load shedding for the next two years, a plan to turn around Eskom's plant performance is not offering many new solutions, but a sizeable influx of private power may help to ease the pain. That is what they wanted all along. No, South Africans are not staring down any more blackouts... we are getting rid of the eyensee soon so we can start rebuilding SA. See, the eyensee achieved ONE thing - to UNITE South Africans against them. All SA`s now HATES the eyensee. voetsekanc Good in reactive guessing than in proactive planning. I suggest leaders should be elected according to minimal of chronic diseases as they are affecting their performance in service delivery.
Source: News24 - 🏆 4. / 80 Read more »

UK power crunch: Some households asked to switch off dishwashers, washing machines | BusinessThe UK grid is asking some UK households to cut energy use on Monday as a plunge in wind power and freezing temperatures across the country test its ability to keep the lights on. | News24_Business _Business Amazing 🤩 Now what could be causing this? Corruption, Brexit or is it the convenient war? _Business At least their issue is not man-made like here in SA _Business GretaThunberg och mamma thank yiu for our suffering! Clowns
Source: News24 - 🏆 4. / 80 Read more »