Discovery Green ushers in a renewable-energy future for S African mining
South Africa’s mining industry is undergoing a fundamental shift as it grapples with rising electricity costs, carbon taxes and the need for energy security. Newly established renewable energy trading platform Discovery Green, which falls under the umbrella of financial services group Discovery, is emerging as a key player in providing large-scale renewable-energy solutions to the sector. Discovery Green operates as an energy trader, but unlike traditional models, it procures renewable energy from leading independent power producers (IPPs) and structures it into a product that businesses can buy. According to Discovery Green head Andre Nepgen, this model addresses the volatility of renewable-energy.
South Africa’s mining industry is undergoing a fundamental shift as it grapples with rising electricity costs, carbon taxes and the need for energy security. Newly established renewable energy trading platform Discovery Green, which falls under the umbrella of financial services group Discovery, is emerging as a key player in providing large-scale renewable-energy solutions to the sector. Discovery Green operates as an energy trader, but unlike traditional models, it procures renewable energy from leading independent power producers (IPPs) and structures it into a product that businesses can buy. According to Discovery Green head Andre Nepgen, this model addresses the volatility of renewable-energy.
