SA’s largest coal miner, Exxaro Resources, is bolstering its investment in wind power in a R1.55bn deal as it seeks to diversify away from fossil fuels, which are falling out of favour with investors.

On Tuesday, Exxaro announced it would acquire the remaining 50% stake in Cennergi, its joint venture with a subsidiary of India’s Tata Power company. Once the deal is concluded Exxaro will have 100% ownership of Cennergi, which owns two wind farms in the Eastern Cape...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now