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Diamond producer Petra Diamonds has entered into long-term power purchase agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch diamond mines from licenced South African energy trader Etana Energy. Etana provides cost-competitive clean energy from new large-scale renewable energy projects, mostly wind-based, through wheeling over the existing South African grid. The company has a portfolio of multiple ready-to-build and grid-secured wind and solar projects that are expected to come online over the course of 2025 and 2026.

Karen Meyer | senior writer and editor, Investec Private Banking

Growthpoint Properties signs groundbreaking Power Purchase Agreement (PPA) with Etana Energy for 32% of its electricity needs, enabling green energy access and carbon reduction for tenants...

Sends power from suburban retail property to office building on the foreshore.

The potential for more renewable energy projects in South Africa is huge, says Norway's International Development Minister Anne Beathe Tvinnereim.