South Africa’s mining industry is undergoing a significant transformation with the introduction of Discovery Green [1], a renewable energy trading platform under the financial services group Discovery. This innovative platform is set to provide large-scale renewable energy solutions to the mining sector, addressing rising electricity costs, carbon taxes, and the need for energy security.
Unlike traditional energy models, Discovery Green procures renewable energy from leading independent power producers (IPPs) and structures it into a predictable and manageable product for businesses. According to Andre Nepgen, head of Discovery Green, this approach addresses the volatility of renewable energy by offering a more stable and reliable energy supply.
One of Discovery Green’s major breakthroughs is its partnership with platinum producer Impala Platinum (Implats), which has committed to the largest renewable energy deal by a South African mine to date. This deal will supply 90% of the electricity needs for Implats’ refineries, significantly reducing their carbon footprint and lowering energy costs.
Discovery Green prioritizes wind energy due to its day and night generation profile, making it a useful complement to solar power. The platform aims to increase renewable energy penetration to 90%, providing a long-term solution to South Africa’s energy challenges.
The rising cost of electricity and impending carbon taxes are driving the mining industry to seek more sustainable energy solutions. Discovery Green’s model offers a viable alternative, helping mining companies reduce their environmental impact while ensuring energy security.
[1] Discovery Green ushers in a renewable-energy future for S African mining https://www.miningweekly.com/article/discovery-green-ushers-in-a-renewable-energy-future-for-s-african-mining-2025-02-10