PPC to invest R664m to 2025 to kick-start decarbonisation journey

JSE-listed building materials group PPC has outlined a new decarbonisation strategy that includes firm targets for implementation by 2025 and 2030 and also outlines a long-term aspirational goal of transitioning its operations to net-zero carbon dioxide (CO2) emissions by 2050. The strategy is contained in the group’s inaugural Task Force on Climate-related Financial Disclosures (TCFD) report and the targets have been set using the 2020 financial year as the base.
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Mainstream raises additional €90m

Wind and solar power multinational Mainstream Renewable Power raised €90-million in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa and the Asia Pacific region, the company said on November 29. The funding round will help accelerate the company’s growth, extend its footprint and support its ambitions of building a global renewable energy major.
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South Africa seeks to end policy ambiguity delaying Eskom rescue

South Africa will soon agree on a comprehensive, unified approach to turning around Eskom Holdings, which is saddled with R402-billion in debt, according to the minister who oversees the state power utility. Eskom, which depends on coal for the bulk of its electricity generation, has subjected the country to intermittent rolling blackouts for more than a decade and accounts for about 40% of its climate-warming greenhouse gas emissions. Wide-ranging and at times conflicting suggestions for fixing the company have been flighted by the National Treasury, the energy department and the utility itself.
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