Air Liquide and Sasol sign 110 MW renewable energy deal
110 MW
Capacity
Air Liquide and Sasol have signed new Power Purchase Agreements (PPAs) with Enel Green Power RSA for the long-term supply of an additional 110 MW of renewable power to Sasol's Secunda site in South Africa. This is the fourth set of PPAs signed by Air Liquide and Sasol, representing a total renewable power capacity of around 690 MW. The deal aims to reduce CO2 emissions associated with oxygen production in Secunda by 30% to 40% by 2031. Enel Green Power will create a local company to build a wind farm in the Eastern Cape province, scheduled to be operational by 2026.
Get daily wind deal alerts — free, no spam.
Counterparts (5)
Offtaker
Sasol
Sasol is a global chemicals and energy company that integrates sophisticated technologies and processes into world-scale operating facilities. They safely and sustainably source, produce, and market a range of high-quality products, creating value for stakeholders.
Air Liquide
Air Liquide is a world leader in gases, technologies and services for industry and healthcare. The company is present in 60 countries and serves more than 4 million customers and patients.
Investor
Enel Green Power
Enel Green Power is a leading renewable energy developer and operator, focusing on wind, solar, hydro, and geothermal energy. They have a strong presence in Europe, the Americas, and Africa, with a portfolio of over 54 GW of installed capacity.
Qatar Investment Authority (QIA)
Qatar Investment Authority (QIA) is a global investment organization established in 2005 to protect and grow Qatar’s financial assets and diversify the economy. QIA invests across major global markets, asset classes, sectors, and geographies with a focus on long-term responsible investment.
Sign up free to access full counterpart details, deal analysis, and timeline.
Sign up free →Deal Analysis
Air Liquide and Sasol's agreement with Enel Green Power RSA for an additional 110 MW of renewable power represents a significant step towards decarbonizing Sasol's Secunda operations in South Africa. This Power Purchase Agreement (PPA) is the fourth between Air Liquide and Sasol, bringing their total renewable power capacity to approximately 690 MW. The project aims to reduce CO2 emissions associated with oxygen production at the Secunda site by 30% to 40% by 2031, demonstrating a commitment to environmental sustainability and aligning with global decarbonization efforts. Enel Green Power will establish a local company to construct a wind farm in the Eastern Cape province, expected to be operational by 2026, contributing to local economic development.
The involvement of major players like Air Liquide, Sasol, Enel Green Power, and the Qatar Investment Authority (QIA) underscores the scale and importance of this renewable energy project. While the financial value of the deal remains undisclosed, the 110 MW capacity addition is substantial. This deal highlights the growing trend of industrial companies securing renewable energy sources through PPAs to reduce their carbon footprint and enhance their environmental, social, and governance (ESG) profiles. The project's location in South Africa also demonstrates the increasing investment in renewable energy infrastructure across the African continent.
- Fourth PPA between Air Liquide and Sasol, totaling 690 MW of renewable capacity.
- Aims to reduce CO2 emissions at Sasol's Secunda site by 30-40% by 2031.
- Involves major players: Air Liquide, Sasol, Enel Green Power, and Qatar Investment Authority (QIA).
- Enel Green Power will build a wind farm in the Eastern Cape province, creating local jobs.
Timeline
Announced
Feb 26, 2024
Signed
Feb 26, 2024
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Sign up free →
Global Infrastructure Sherpa