• Etana signs 10-year renewable power deal with Sibanye-Stillwater
• Agreement supplies up to 220 MW via wind, solar from 2027
• Deal reflects growth in South Africa’s private electricity wheeling market

South African electricity trading platform Etana Energy has signed a 10-year power purchase agreement with mining group Sibanye-Stillwater, a major producer of gold and platinum group metals, an indirect shareholder, Chariot Limited, said on Friday, Feb. 6.

Under the agreement, Etana will supply up to 220 MW of renewable power to Sibanye-Stillwater’s mining operations from late 2027. The electricity will be generated from Etana’s wind and solar portfolio and delivered to the sites through wheeling arrangements on South Africa’s national grid.

The contract is intended to meet Sibanye-Stillwater’s current and future power needs, while lowering electricity costs and reducing carbon emissions.

“This is another material offtake agreement signed with a major industrial customer which continues to underline the scale of the market that Etana can address,” said Benoit Garrivier, chief executive of Chariot’s renewable power division.

The deal adds to Etana’s expansion in South Africa’s private electricity contract market. In December 2025, Chariot reached financial close on two wind projects totalling 190 MW in the Western Cape, with all output contracted to Etana under 20-year agreements.

In March 2025, Etana also signed a 20-year agreement covering the full output of the 105 MWp Du Plessis Dam PV2 solar project in the Northern Cape, providing capacity to resell to industrial customers including Sibanye-Stillwater and Tharisa.

The growing number of such contracts highlights the expansion of wheeling and private power purchase agreements in South Africa, as the electricity market gradually opens to private players and large industrial users seek more reliable and cleaner energy supplies.

Abdoullah Diop