Sola Group And Tronox Reach Financial Close For 200 MW Solar Projects In South Africa
Sola Group And Tronox Reach Financial Close For 200 MW Solar Projects In South Africa. Sola Group And Tronox have announced that they have reached a financial close for the two 100 MW Solar Projects in North West, South Africa, this comes after the agreement was made earlier this year. The Company anticipates the project should be fully implemented by the fourth quarter of 2023.
“Tronox’s renewable energy project with SOLA Group will reduce our global carbon emissions by approximately 13% compared to our 2019 baseline and has the full support of our Board of Directors and senior management,” commented Melissa Zona, Tronox Holdings plc’s Senior Vice President, External Affairs and Chief Sustainability Officer. Tronox Holdings plc is one of the world’s leading producers of high-quality titanium products, including titanium dioxide pigment, specialty-grade titanium dioxide products and high-purity titanium chemicals; and zircon. The company mines titanium-bearing mineral sands and operate upgrading facilities that produce high-grade titanium feedstock materials, pig iron and other minerals.
“This is yet another example of how Tronox is committed to being a leader when it comes to corporate sustainability and protection of the environment. In the past 18 months, we have taken a number of significant steps that demonstrate this leadership: restructuring our Board to designate a committee with specific responsibility for oversight of Environmental Social Governance (ESG); including annual carbon emission reduction targets in our executive compensation plan; publicly announcing a detailed roadmap for reducing emissions, including a target to reduce emissions by 15% by the fourth quarter of 2025; and, committing to being fully aligned to both TCFD and SASB reporting for 2021,” concluded Ms. Zona.
SOLA Group is a 100% South African owned vertically integrated independent power producer offering renewable energy solutions to the private and public sector in Southern Africa. Since 2008, SOLA has pioneered the first large commercial solar projects, both on and off grid, first electricity wheeling projects and now with Tronox, the first large scale utility projects for private consumers.
