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GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor, expect to unlock $500 million of new renewable power development through a groundbreaking deal with Etana Energy, the South African energy trading company.
Etana Energy, the South African energy trading company, aims to unlock R9 billion of new renewable energy investment through a groundbreaking deal with GuarantCo, part of the Private Infrastructure Development Group (PIDG), and British International Investment (BII), the UK’s development finance institution and impact investor.
We offer customers forward price certainty through a tariff linked to the Consumer Price Index (CPI). Businesses operating in South Africa no longer have to contend with fast-rising above-inflation electricity tariffs - Etana’s pricing model allows companies to lock in a large percentage of electricity rates for up to 20 years.
As businesses face rising electricity costs and decarbonisation pressure, combining solar and wind energy offers a sustainable solution that reduces carbon footprints, saves costs and ensures long-term price certainty.
As industries like mining and manufacturing face increasing pressure to decarbonise and cut electricity costs, wind power is emerging as a key solution. The ability to harness wind both day and night makes it an ideal complement to solar energy, offering a reliable path to sustainability and price stability for energy-intensive businesses.
What if there was a way to cover up to 70% of your electricity needs with clean energy; delivering savings from Day 1; and providing long term price certainty; without any upfront costs?
South Africa has doubled renewable energy capacity under development in one year. This is significant, but the transmission grid will require investment and expansion to enable it. Meanwhile, through wheeling, the country can optimize the use of existing infrastructure and support the accelerated integration of renewable energy into the grid.
Etana Energy, a licensed electricity trader, is helping South African businesses decarbonise and expand renewable capacity through energy wheeling. CEO Evan Rice recently shared insights on the "Renewables in Action" podcast. Learn more about Etana's impact on clean energy.
Growthpoint Properties' e-CO2 initiative will revolutionise South Africa's commercial real estate by introducing clean energy to 10 properties in Johannesburg, marking a key milestone in the nation's renewable energy transition.
The wheeled energy will complement the Tharisa Mine's 40MW solar power plant which is designed to provide 30% of Tharisa Minerals’ energy needs.
To mitigate Eskom's rotational power cuts and curb emissions, Petra Diamonds is now relying on independent renewable energy suppliers for its South African mines.
Construction will now start on three wind farms in the Western Cape and a solar plant in the Northern Cape, representing a total investment of about R12bn.
Chariot and the local H1 Holdings have bought out their erstwhile partner Neura Group to take full ownership of South African electricity trading company Etana Energy.
A significant milestone in Cape Town’s transition to sustainable power, as clean energy is wheeled between Growthpoint Properties and Etana Energy.