As a result of its actionable commitments towards a JET, FTSE Russell’s Green Revenues data model, designed to measure the revenue exposure of public companies engaged in the transition to the green economy, bestowed a Green Revenues Factor rating of 3.64% on Exxaro for the first time ever.
The fund, regulated by the Financial Sector Conduct Authority, has a mandate to invest in solar panels, inverters and batteries in residential complexes, as well as commercial and industrial installations.
Of significance, says SAWEA, is Ramaphosa’s plans to appointment a new Electricity Minister, dedicated to ending the prevailing electricity generation deficit, by safeguarding that the Energy Action Plan (EAP) is implemented, to ensure increased new power generation over the next five-year period.
INDUSTRY NEWS
- IDC mulls bigger AMSA stake after granting R1.68bn loan to halt longs closure for six monthsApril 1, 2025 - 4:07 pm
- Pilot procurement of 1 164 km of powerlines from private investors to be launched in NovApril 1, 2025 - 11:20 am
- Standard Bank sets new sustainable finance target of R450bn by 2028April 1, 2025 - 10:00 am
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