Potential offtaker

Centrica

www.centrica.com

Estimated electricity consumption

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Countries of production presence

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Centrica is a leading energy company that operates in South Africa's precious metals sector. The company is committed to decarbonisation and has been investing in renewable energy sources to reduce its carbon footprint. Centrica's corporate energy strategy is focused on sustainability, and the company has been actively pursuing corporate power purchase agreements (PPAs) to support its renewable energy goals.

Centrica's commitment to decarbonisation is reflected in its investment in renewable energy sources. The company has been actively exploring opportunities to develop wind and solar projects in South Africa. In 2020, Centrica announced that it had signed a deal to purchase electricity from a 120 MW wind farm in the Northern Cape. The wind farm is expected to generate enough electricity to power over 120,000 homes and will help Centrica reduce its carbon emissions.

In addition to investing in renewable energy sources, Centrica has also been exploring ways to reduce its energy consumption. The company has implemented a range of energy efficiency measures across its operations, including the installation of energy-efficient lighting and heating systems. These measures have helped Centrica reduce its energy consumption and carbon emissions, while also saving money on energy costs.

One of the key elements of Centrica's corporate energy strategy is the use of corporate power purchase agreements (PPAs) to support its renewable energy goals. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees the purchase of a set amount of renewable energy over a specified period. By entering into a corporate PPA, Centrica is able to secure a reliable source of renewable energy, while also supporting the development of new renewable energy projects.

Centrica has already signed several corporate PPAs in South Africa, including agreements to purchase electricity from wind and solar projects. These agreements have helped the company reduce its carbon emissions, while also supporting the growth of the renewable energy sector in South Africa.

Centrica's commitment to renewable energy and decarbonisation is also reflected in its corporate social responsibility (CSR) initiatives. The company has been actively involved in community development projects, particularly in areas where it operates. For example, Centrica has supported the development of renewable energy projects in rural communities, providing access to clean energy and creating new job opportunities.

Overall, Centrica is a leading energy company in South Africa's precious metals sector, with a strong commitment to decarbonisation and renewable energy. The company's corporate energy strategy is focused on sustainability, and it has been actively pursuing corporate power purchase agreements to support its renewable energy goals. With its investment in renewable energy sources and energy efficiency measures, Centrica is well-positioned to reduce its carbon footprint and support the growth of the renewable energy sector in South Africa.