Business Maverick

BUSINESS MAVERICK

Gold Fields is a ray of sunshine in Australia after launching one of the world’s biggest renewable microgrids

Gold Fields is a ray of sunshine in Australia after launching one of the world’s biggest renewable microgrids

Global mining house Gold Fields has completed building one of the world’s largest renewable energy microgrids to help power its Granny Smith gold mine in Australia. This is in stark contrast to South Africa, where the company is still waiting for the green light for a solar plant at its South Deep mine.

Gold Fields said in a statement on Wednesday 7 October that “the new hybrid power system, which has been integrated with an existing gas-fired power station, is powered by more than 20,000 solar panels and supported by a 2MW/1MWh battery system”.

The company added that it “will reduce the mine’s fuel consumption by 10%-13% – the equivalent of removing 2,000 cars from the road. In total, the solar, thermal and battery storage assets will produce around 18GWh of energy every year, with carbon emissions at the mine expected to be reduced by about 9,500 tCO2-e.”

Mining companies have been under growing pressure, pointedly from shareholders, to clean up their environmental act – including reducing their carbon footprint. In the case of Gold Fields’ Granny Smith mine, its location in the sunny centre of Western Australia makes it an ideal candidate for solar power.

South Africa is also known for its sunshine, yet Gold Fields has been waiting for three years for approval for a 40MW solar project at its South Deep mine to reduce its reliance on unreliable Eskom. 

It is one of the countless examples of delays on this front in the face of the pressing power crisis that many regard as the biggest threat to South Africa’s economy. Such dithering also highlights in an unflattering way the divergent investment and policy environments between the two jurisdictions. 

In August, Gold Fields CEO Nick Holland said the company hoped to get regulatory approval for the project in a month or two. 

On 19 October, Gold Fields will hold a webinar on ESG (environmental, social and governance concerns) developments at the company. Hopefully, it will be able to announce by then that it has the go-ahead for the initiative. 

That would be a ray of sunshine for South Africa’s own efforts to combat the climate crisis. DM/BM/OBP

Gallery
Absa OBP

Comments - Please in order to comment.

  • Hermann Funk says:

    When is Mantashe getting off his behind? We don’t have a power crisis. We have a leadership crisis.

    • Michael Grummitt says:

      The answer is “king coal” I presume, his constituency.

      He also still sticks to the outdated IRP which was even outdated when it was published.

      Unfortunately I don’t see a bright future for RE with Mr Mantashe in charge.

  • Peter Atkins says:

    A Cabinet re-shuffle would help; split the DMRE back into MR and E and put a powerful and sensible person into the DOE role.
    Meanwhile public pressure is all we have, unless it’s illegal to sit on one’s backside?

  • Andrew Blaine says:

    The problem lies in the policy of centralized control. Using private contractors is anathema to SACP and ANC

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options