Business is booming.

Seriti Resources Invests $243M In S/Africa’s Wind Farm

By Faridat Salifu

Seriti Resources, a key player in South Africa’s coal industry, is embarking on a significant energy transition journey towards decarbonisation.

It was gathered that the company, through its subsidiary, Seriti Green, has successfully secured a substantial investment of 4.5 billion South African rand ($243 million) from local banks such as Standard Bank, Rand Merchant Bank (RMB), and Venn Energy for the construction of a 155 MW wind farm in Mpumalanga province.

Named Ummbila Emoyeni, this wind farm project, according to reports, symbolises Seriti Resources’ proactive stance towards reducing its carbon footprint and embracing renewable energy solutions.

Authorities have stated that by harnessing the power of wind between the towns of Bethal and Morgenzon, the farm is poised to play a pivotal role in powering Seriti Resources’ coal extraction facilities while contributing to a cleaner and more sustainable energy landscape.

It noted that under the visionary leadership of Mike Teke, Seriti Resources is committed to facilitating a just energy transition to propel South Africa towards a low-carbon economy without compromising on its energy requirements.

The anticipated reduction of 5.1 megatonnes of carbon dioxide emissions annually, the company notes, underscores the environmental significance of the Ummbila Emoyeni wind farm project.

As construction progresses, the wind farm is scheduled to commence its operations and deliver its first megawatt in the second quarter of 2026.

Looking ahead, Seriti Green says it is poised to expand its renewable energy portfolio by developing additional wind farms, including an 84 MW installation near Bedford in the Eastern Cape province as part of its ongoing commitment to sustainable energy initiatives.

 

Quality journalism costs money. Today, we’re asking that you support us to do more. Support our work by sending in your donations.

The donation can be made directly into NatureNews Account below

Guaranty Trust Bank, Nigeria

0609085876

NatureNews Online

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Footer Image