South African gold mining company Pan African Resources plc has signed a ten-year renewable energy supply agreement with energy aggregator NOA Group, securing 44 MWac of clean power annually to support its operations across Mpumalanga and Gauteng provinces.
The deal, announced on Monday, is expected to supply approximately 112 GWh of renewable electricity per year, covering around 10% of Pan African’s total electricity demand. The clean power will be used to run key operations including the Barberton and Evander mines, as well as the new Mogale Tailings Retreatment facility.
As part of the agreement, Pan African will receive verified International Renewable Energy Certificates (I-RECs) and has the option to extend the contract for an additional five years.
The company estimates the agreement will enable it to cut annual carbon emissions by approximately 137,000 tonnes of CO2, while also delivering long-term cost savings. Pan African has already commissioned solar power facilities at its Evander and Barberton sites and is currently exploring additional renewable energy options for Mogale.
“We recognise the enormous potential in South Africa’s mining sector, with around 15.8 GW of renewable energy initiatives currently underway,” said Karel Cornelissen, CEO of NOA Group. “Our focus on scalability and tailored energy solutions means we can offer extremely competitive tariffs and help clients meet their ambitious ESG commitments.”
NOA Group is backed by African Infrastructure Investment Managers (AIIM) and specializes in aggregating and delivering renewable energy solutions to industrial and commercial customers in South Africa.
The deal underscores the growing shift within the mining sector toward low-carbon operations and reflects broader national and global efforts to align with environmental, social, and governance (ESG) standards.
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