French renewable energy independent power producer (IPP) Total Eren and African energy company Chariot Limited have joined hands to co-develop wind and solar power projects for mining clients in Africa.
Under the partnership, the 2 companies will jointly originate and develop the facilities with Chariot investing between 15% to 49% into the co-developed projects. The deal will come into effect from January 1, 2022 and will be valid for a period of 3 years initially. Post that, with mutual consent the duo can extend the same for another 2 years.
Chariot Limited has 2 business streams, Transitional Gas and Transitional Power. Through the latter, it aims to tap the untapped market of operational mines in Africa with cleaner and reliable power supply.
"This partnership is looking to provide clean, sustainable, and more competitive energy to operational mines in Africa," said Chariot's Acting CEO Adonis Pouroulis. "A market of significant scale, that is largely untapped, where Chariot's management has a deep understanding and high-level commercial networks and we look forward to announcing our significantly progressed projects when appropriate."
In September 2021, Chariot announced plans to set up a green hydrogen development project with up to 10 GW capacity in Africa's Mauritania under Project Nour, using solar and wind energy (see Green Hydrogen Project In Mauritania).
Largely located in off-grid and sparsely populated areas, mines everywhere are looking to lower their carbon footprint in line with the ESG commitments and economic goals, by reducing the use of fossil-fuel generated electricity as well as that produced through expensive and harmful diesel.
In September 2021, South Africa's Exxaro Resources was seeking bidders for 70 MW for its coal mine (see 70 MW AC Solar Tender In South Africa).
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