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EDF JV completes financing for 520 MW in renewable projects (South Africa)

Envusa Energy, a joint venture between the British mining company Anglo American and France’s EDF Renewables, has completed the project financing for its 520 MW Koruson 2 cluster of three wind and solar projects in South Africa. 

The projects, namely the 140 MW Umsobomvu wind project, the 140 MW Hartebeesthoek wind project, and the 240 MW Mooi Plaats solar project - are located on the border of the Northern and Eastern Cape provinces of South Africa. They have secured 20-year offtake agreements with Anglo American’s three businesses in South Africa (Anglo American Platinum for 416 MW, Kumba Iron Ore with 11 MW, and De Beers with 48 MW) once they begin commercial operations in 2026. The contracts are expected to save approximately 1.5Mt/year of CO2 emissions during its inaugural phase. 

South Africa has a total installed capacity of 65.2 GW (end of 2022), of which solar and wind only account for 15% (9.5 GW). 

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