Through an Eskom wheeling agreement, the AIIM consortium has completed the financial close on the 89 MW Castle Wind Farm (Castle), which will provide clean energy to Sibanye-Stillwater’s South African mining facilities.
This accomplishment signifies the start of construction as well as the effective date of the Power Purchase Agreement (PPA) between the project company and Sibanye-Stillwater.
The energy will come from the Castle Wind Farm, which is close to the town of De Aar in the Northern Cape region of South Africa, and will assist Sibanye-Stillwater, a global mining and metals processing company, by lowering energy costs, boosting energy security, and reducing carbon emissions.
The nation’s current power shortage will be somewhat compensated by the enhanced power generation capacity that will be added to the national system. AIIM has been an effective proponent of increasing the ability of South African pension funds to invest in unlisted infrastructure investments.
AGF.