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JSE-listed Sappi has started receiving renewable electricity through its five-year power purchase agreement (PPA) with Enpower Trading, marking the start of deliveries to three Eskom-connected sites as the paper and pulp producer seeks to diversify its electricity supply and reduce energy-related emissions.<\/p>\n
The agreement, which was among the first and largest corporate renewable energy PPAs of its kind to reach financial close in South Africa, was designed to provide Sappi with greater certainty over future electricity costs while supporting its decarbonisation strategy.<\/p>\n
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Sappi Southern Africa CEO Graeme Wild says the agreement strengthens the company\u2019s ability to manage its electricity requirements while advancing its sustainability objectives.<\/p>\n
\u201cThis milestone reflects the power of strong partnerships and a shared commitment to finding practical solutions to complex challenges. Together with Enpower Trading, we have navigated an evolving energy landscape to bring renewable electricity into our operations at scale.\u201d<\/p>\n
Enpower Trading is currently supplying up to 16 gigawatt-hours (GWh) of renewable electricity a month through its generation portfolio.<\/p>\n
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A fourth Sappi facility, connected to a municipal electricity network, is expected to join the programme as it expands.<\/p>\n
The electricity includes generation from SolarAfrica Energy\u2019s SunCentral solar project in the Northern Cape, which is ultimately expected to reach 1GW of generation capacity.<\/p>\n
The partnership has taken several years to reach the delivery stage, with both companies having to navigate regulatory changes and adjustments to Eskom\u2019s Retail Tariff Plan, including changes to time-of-use tariffs that affected the original commercial arrangements.<\/p>\n
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For Enpower Trading, the agreement also demonstrates the role electricity traders can play in connecting industrial consumers with independent renewable energy producers.<\/p>\n
Co-founder and CEO James Beatty says Sappi supported the company when it was a newly licenced electricity trader and the model had yet to be tested at this scale.<\/p>\n
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\u201cWhat this milestone proves is that a licenced electricity trader can structure supply, navigate tariff and regulatory changes, manage the complexities of wheeling, and deliver renewable power to a large industrial user at scale.\u201d<\/p>\n
Sappi regional sourcing manager Lavendran Reddy stated that third-party renewable electricity is now becoming part of the company\u2019s day-to-day energy supply, alongside its own generation and wheeling arrangements.<\/p>\n
The companies are considering expanding supply to additional Sappi facilities and incorporating more renewable generation sources, potentially increasing the role of third-party electricity procurement in the group\u2019s energy mix.<\/p>\n
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Sappi Limited (JSE:SAP) is one of the leading global providers of everyday materials made from wood fiber-based renewable resources, and Enpower Trading delivers renewable electricity with majority shareholder being Azura Power, a leading pan-African power producer.<\/p>\n
*Phenyo Selinda is a Moneweb intern.<\/p>\n
#Sappi #adds #thirdparty #renewable #electricity #energy #mix<\/p>\n","protected":false},"excerpt":{"rendered":"
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