Eskom Launches New Renewable Energy Unit for Clean Power

South African utility Eskom has launched Eskom Green to develop utility-scale renewable energy projects as part of its long-term pivot away from coal. The unit aims to provide 6 gigawatts of carbon-free electricity by 2030 for energy-intensive sectors.

Eskom launched a renewable energy unit on Tuesday to develop 32 gigawatts of clean power capacity by 2040. The initiative transitions the state-owned provider away from its coal-heavy generation fleet that currently supplies the bulk of the nation's electricity. This strategic pivot aims to secure long-term industrial demand by offering carbon-free contracts to energy-intensive mining and manufacturing sectors.

Scaling Carbon-Free Power for Industrial Growth

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.