Blanket Mine just handed over its massive solar power plant to CrossBoundary Energy in a major clean energy deal that rocks Zimbabwe's mining industry. The Gwanda gold giant expects to pump out between 73,000 and 78,000 ounces of precious metal during the next 12 months while going green. CrossBoundary Energy takes control of the solar facility as part of their mission to power African businesses with clean electricity. The handover ceremony happened at the mine site where government officials praised the renewable energy partnership. Victor Gapare from Caledonia Mining Corporation says the company stays committed to environmental goals while boosting gold production.
The solar plant cranks out over 33 megawatts of electricity since starting operations in February 2023. The facility supplies roughly 20 percent of the mine's daily power needs and cuts dependence on diesel fuel and grid electricity. Tessa Lee from CrossBoundary Energy calls the partnership perfect for their company mission to decarbonize African industry. The solar project fits into their growing portfolio of clean energy solutions across the continent. Government officials say the investment shows confidence in Zimbabwe's renewable energy potential.
Energy Minister July Moyo announced government incentives including duty exemptions for solar equipment and energy capital goods. Richmond Ncube from Provincial Affairs says the project powers local development and creates jobs in Matabeleland South. Caledonia pumped more than 41 million dollars into expanding their Zimbabwe mining operations during the current year. The solar investment represents part of Zimbabwe's broader transition toward sustainable energy sources. Deputy Mines Minister Caleb Makwiranzou expects the plant to boost production levels at the facility.
The solar plant cranks out over 33 megawatts of electricity since starting operations in February 2023. The facility supplies roughly 20 percent of the mine's daily power needs and cuts dependence on diesel fuel and grid electricity. Tessa Lee from CrossBoundary Energy calls the partnership perfect for their company mission to decarbonize African industry. The solar project fits into their growing portfolio of clean energy solutions across the continent. Government officials say the investment shows confidence in Zimbabwe's renewable energy potential.
Energy Minister July Moyo announced government incentives including duty exemptions for solar equipment and energy capital goods. Richmond Ncube from Provincial Affairs says the project powers local development and creates jobs in Matabeleland South. Caledonia pumped more than 41 million dollars into expanding their Zimbabwe mining operations during the current year. The solar investment represents part of Zimbabwe's broader transition toward sustainable energy sources. Deputy Mines Minister Caleb Makwiranzou expects the plant to boost production levels at the facility.
