Total Eren and Chariot Transitional Power have announced a partnership with mining firm First Quantum Minerals (FQM) to build a 430MW solar and wind project in Zambia.
Bloomberg reported that the two companies are funding and building the $500m renewable energy project. They will also jointly operate it once it is completed.
Go deeper with GlobalData
The 230MW solar facility and 200MW wind farm will supply power to FQM’s Kansanshi and Sentinel mines, which together produced 434,847mt of copper last year.
This production accounted for more than 50% of the country’s total production last year, with Zambia being the second-largest copper producer in Africa.
The project is intended to power FQM’s mining operations in Zambia, a country that relies heavily on hydropower.
Its construction is expected to begin next year.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataClean energy generated from the project will support FQM in its efforts to reduce its carbon footprint by 30% by 2025.
FQM Kansanshi Mine general manager Anthony Mukutuma said: “The project will offer significant benefits to Zambia, by unlocking some of its world-class renewable potential.
“It will help the country realise some of its untapped solar and wind resources by attracting large-scale foreign investment and adding significant renewable energy capacity.
“Major projects such as this underline First Quantum’s responsible mining credentials and are a critical part of its plan to reduce its carbon footprint by 30% by 2025.”
Total Eren Business Development executive vice-president and global head Fabienne Demol said: “Together with our partner Chariot, we are pleased to bring our global expertise in solar and wind generation to power FQM’s operations.
“The combined solar and wind capacity will offer strong complementarity and power generation around the clock, with solar produced during the day and wind mainly at night.”
Last December, Total Eren began a study for the development of a green hydrogen project near the borough of San Gregorio in Magallanes, Chile.
