Construction is scheduled to commence next year on a R1 billion solar energy project aimed at providing electricity to the Tharisa mine in South Africa’s North West province. The Rustenburg-based project is designed to generate up to 40MW of photovoltaic power to supply electricity to Tharisa Minerals’ platinum group metals and chrome mine. The Buffelspoort Solar Energy project responds to the current energy challenges and load shedding in South Africa, as Tharisa aims to enhance the stability of its electricity supply by diversifying away from reliance on the state utility. Chariot’s CEO, Benoit Garrivier, confirmed that construction of the solar energy facility is set to commence in the second quarter of 2024. Chariot focuses on developing, financing, and operating renewable projects in Africa and selling renewable energy to private off-takers, making South Africa an important market for the company due to its favorable conditions for renewable energy projects.
