Sibanye-Stillwater Signs 10-Year Renewable Energy PPA With Etana Energy

By Global Infrastructure Sherpa · Feb 13, 2026

Ppa SolarOnshore WindSolar PvRenewables signed South Africa

220 MW

Capacity

Sibanye-Stillwater has signed a 10-year power purchase agreement (PPA) with Etana Energy to secure 600 GWh of renewable electricity annually for its mining operations in South Africa. This agreement supports Sibanye-Stillwater's goal to reduce carbon emissions and achieve carbon neutrality by 2040. Etana Energy will supply electricity from a mix of solar and wind energy projects, starting in late 2027, delivered via wheeling through the national grid. The deal provides Sibanye-Stillwater with stable, lower electricity costs and energy security, while also supporting the growth of renewable energy projects in South Africa.

Deal Analysis

Sibanye-Stillwater's 10-year power purchase agreement with Etana Energy is a significant step towards achieving the company's goal of reducing carbon emissions and achieving carbon neutrality by 2040. The deal secures 600 GWh of renewable electricity annually, providing stable and lower electricity costs for Sibanye-Stillwater's mining operations in South Africa. This agreement is notable as it involves a leading international precious metals mining company and a renewable energy company, with an Africa-focused transitional energy group as an investor, highlighting the growing importance of renewable energy in the region. The deal's size, with a capacity of 220 MW, and its duration, demonstrate a long-term commitment to renewable energy and a significant reduction in carbon emissions. The South African market is witnessing a shift towards renewable energy, driven by government initiatives and declining technology costs, making this deal a strategic move for Sibanye-Stillwater. The involvement of Etana Energy and Chariot Limited underscores the growing interest of renewable energy developers and investors in the region, and the potential for further growth in the sector.

10-year power purchase agreement for 600 GWh of renewable electricity annually
Involvement of leading international precious metals mining company, Sibanye-Stillwater, and renewable energy company, Etana Energy
Capacity of 220 MW, demonstrating a significant commitment to renewable energy
Deal supports Sibanye-Stillwater's goal of achieving carbon neutrality by 2040

Market Context: The South African renewable energy market is growing, driven by government initiatives and declining technology costs, with a increasing number of companies committing to reduce their carbon footprint and invest in renewable energy projects.