Discovery Green has signed agreements with major clients in the mining, property and hospitality sectors to supply over 200 000 MWh of renewable energy annually.
The agreements – involving Impala Platinum Holdings (Implats), KP Lime, The Capital Hotels and Apartments, Balwin Properties and Fortress Real Estate Investment Trust – aim to address escalating electricity costs and reduce carbon emissions across operations.
Implats’ agreement will see Discovery Green supply 90% of the electricity needs for Impala Refineries in Springs, Gauteng, under a five-year power purchase agreement (PPA) starting in 2026. The initiative is expected to reduce electricity costs by over 130 000 MWh annually. “The PPA will reduce our Scope 2 GHG emissions by 170 484 tonnes CO2e annually and help us achieve a 30% reduction in carbon emissions by 2030,” says Patrick Morutlwa, Group Chief Operating Officer at Implats.
KP Lime has committed to a 10-year PPA to meet 90% of its Bowden mine’s energy requirements – replacing 54 000 MWh annually with renewable sources.
In the hospitality sector, a 15-year agreement with The Capital Hotels and Apartments will supply 5 000 MWh of renewable energy annually across three properties in Gauteng.
Balwin Properties will receive 13 600 MWh of renewable energy annually for four developments under a 20-year agreement. Additionally, a 10-year wheeling deal with Fortress will enable renewable energy supply to 14 properties – achieving 100% renewable penetration at these sites. “This wheeling agreement is critical to reaching our 2030 decarbonisation target,” says Steven Brown, Chief Executive Officer of Fortress.
Combined, these agreements will replace more than 90% of electricity demand for the participating businesses with renewable energy and reduce their annual carbon emissions by 39 000 tonnes. “By integrating renewable energy into their operations, these companies are not only advancing decarbonisation but also ensuring competitiveness in a low-carbon economy,” says Andre Nepgen, Head of Discovery Green.
