Discovery Green is pleased to announce the signing of five new clients in the mining, property and hospitality sectors, securing long-term partnerships with Impala Platinum Holdings Limited (Implats), KP Lime, The Capital Hotels and Apartments, Balwin Properties, and Fortress REIT Limited. The signing of these agreements aligns with Discovery Green’s mission to provide affordable and price-certain renewable energy to businesses in South Africa, advancing the country’s transition to cleaner, more sustainable energy solutions.
The power of collaboration
The agreement with Implats marks a significant milestone in Discovery Green’s portfolio. Starting in 2026, a five-year PPA will supply 90% of the electricity needs for Impala Refineries in Springs, Gauteng. This agreement will reduce Impala Refineries’ Scope 2 greenhouse gas (GHG) emissions by more than 852,000 tonnes of CO2e over five years and deliver significant cost savings on over 130 000 MWh of electricity per annum.
Patrick Morutlwa, Group Chief Operating Officer at Implats, said: “From 2026, the PPA will reduce our Scope 2 GHG emissions by 170,484 tonnes CO2e per year and advance our goal of achieving a 30% reduction in carbon emissions by 2030, off 2019 as our baseline year. The agreement with Discovery Green aligns with our decarbonisation and energy security strategy to adopt renewable and low-carbon energy sources and contributes to achieving several of the United Nations’ Sustainable Development Goals.”
Discovery Green also signed a deal with KP Lime, a market leading producer and distributor of burnt lime and dolomite. The 10-year power purchase agreement (PPA) will supply 54,000 MWh of renewable energy annually to the Bowden mine in the Northern Cape. This agreement will replace over 90% of the mine’s energy needs with renewable energy, delivering significant cost savings and contributing to the mine’s sustainability goals.
Key players in the property and hospitality industries are also set to benefit
Discovery Green also finalised long-term agreements with The Capital Hotels and Apartments, Balwin Properties, and Fortress REIT Limited last quarter.
A 15-year agreement with The Capital Hotels and Apartments will supply 5,000 MWh of renewable energy annually to three of The Capital’s properties in Gauteng.
In a 20-year contract signed with Balwin Properties, Discovery Green will supply renewable energy to four Balwin sites, totalling 13,600 MWh annually.
The agreements follow a 10-year wheeling arrangement with Fortress REIT Limited, a leading property group. Discovery Green will wheel renewable energy to 14 Fortress properties, increasing Fortress’s renewable energy penetration up to 100% in these buildings.
By partnering with Discovery Green, the companies are positioned to replace more than 90% of their electricity demand with renewable energy wheeled from the largest wind and solar plants in South Africa, saving a total of 39,000 tonnes of CO2e emissions annually. The transition to renewable energy allows the companies to avoid escalating electricity costs, which are rising faster than inflation, and mitigate the impending impact of carbon taxes.