Transitional Power
Providing competitive, sustainable and reliable power solutions across Africa
ETANA
Electricity Trading Licence
LARGE SCALE
RENEWABLE GENERATION PROJECTS
515 MW
Power Generation
ETANA ELECTRICITY TRADING LICENCE
- Chariot has broadened both its exposure and approach to the renewable energy sector within South Africa, in acquiring a 49% interest in Etana Energy (Pty) Limited alongside partner H1 Holdings (Pty) Limited which holds 51%
- H1 is a black-owned and managed company in South Africa, which has a proven track record in developing and investing in large renewable projects.
- Etana is one of five companies to hold an electricity trading licence granted by the National Energy Regulator of South Africa. Its objective is to provide end to end electricity solutions to help address the significant power requirements across South Africa through connecting new and existing energy generation projects to commercial and industrial users.
- Major deregulation changes currently taking place in South Africa’s electricity market provides licence holders the opportunity to trade to a range of high-volume off-takers.
- Through this platform Chariot is tapping into a wide and essential network, one that could become one of the most influential businesses in facilitating, installing, and delivering greener, competitive and sustainable energy across South Africa’s national grid over the next decade.
- This business connects efficient supply to end users through the trading platform but it also enables the development of new, renewable energy generation, in which this Power business can participate.
MARKET OPPORTUNITY
South Africa is the largest electricity market in sub-Saharan Africa. It is predominantly supplied by coal fired power generation and as a result, around 80% of greenhouse gas emissions come from the energy sector. There is a major lack of supply due to insufficient energy generation and power outages have significant macroeconomic impacts.
These two fundamental issues underpin the rationale for the rapid market deregulation that is now taking place, enabling private sector renewable power generation and trading through the national grid. The SA National Energy plan has forecast the needs for an additional 30GW of renewable energy to be procured by 2030, with the first 4GW to be added into the grid by the end of 2024.
As a result, there is significant market demand for green and competitively priced electricity and multiple commercial and industrial offtakers have already been secured across mining, industry, municipal and retail sectors. The Etana model is already working, as evidenced by the first wheeling of renewable energy through Cape Town’s grid in September 2023. Wheeling is a process where electricity is bought and sold between private parties, using the existing grid to transport power from the point of generation to end-users.
On the generation side, 400MW of gross wind generation capacity has been identified and is in negotiation. The trading platform enables Chariot’s participation in these large renewable projects, and there is a strong focus on securing a future pipeline of large generation projects.
“By investing in the development of renewable energy projects and facilitating access to cleaner energy for commercial and industrial customers through Etana Energy, Chariot is helping the expansion of South Africa’s energy generation mix and help its clients to decrease their carbon footprint. This business is highly scalable, driven by tangible demand and we will continue to build on this exciting growth platform going forward.”
Benoit Garrivier
CEO Chariot Transitional Power
POWER TO MINING PROJECT PORTFOLIO
Providing low cost, low-carbon, renewable energy solutions for mining and industrial companies across Africa
Working in partnership with Total Eren with a right to invest between up to 49% into the co-developed projects, we have a fast-growing pipeline of projects approaching 1 GW
- IAMGOLD
Inaugurated in 2018, the 15 MW Essakane solar PV project in Burkina Faso is one of the largest hybrid solar-thermal plants in the world; a project which won the 2019 TSM Excellence Award a year later - Tharisa
The 40 MWp solar PV project will supply electricity to the South African PGM mine on a minimum 15-year PPA on ‘take-or-pay’ basis, contributing to the company’s goals to become carbon neutral in 2050 - First Quantum Minerals
This 430 MW project at FQM’s copper-gold mine is one of the most ambitious renewable energy projects in Africa, complementing and expanding Zambia’s existing renewable energy capacity, utilising both solar and wind resources - Karo
Solar power will be provided to the newly constructed PGM mine in Zimbabwe at the initial installed capacity of 30 MW, part of a broader project to be developed over the mine’s evolution.
RENEWABLE WATER BUSINESS
Chariot’s water business is focused on providing clean water solutions using renewable energy.
Utilising a modular, scalable reverse osmosis technology that can be powered 100% by solar energy to produce desalinated water, a proof-of-concept project at the largest wind farm in Djibouti has now been commissioned.
This project will provide 50m3 potable water per day to local communities for the next 20 years and the team is looking to build out this offering into further jurisdictions on the continent.
Renewable energy
Desalination Technology
Portable Water Provision
