Chariot, Total Eren to bring 430 MW of wind, solar to Zambia

Africa-focused energy firm Chariot Ltd (LON:CHAR) and French power producer Total Eren have struck a deal with First Quantum Minerals Ltd (TSE:FM) that will facilitate the construction of a 430-MW renewable power complex for the Canadian miner’s operations in Zambia.

The partnership will see the mining and metals company receive electricity from locally-based wind and solar power capacity, Chariot said on Monday. Specific details about the renewable energy initiative were not available immediately but updates are expected to be provided in due course.

The contract is aligned with First Quantum Minerals’ goal for a 30% reduction of its carbon dioxide (CO2) emissions by 2025, It was signed following an agreement between Chariot and Total Eren from last November to jointly originate and develop wind and solar projects for mining customers in Africa.

Construction of the wind-solar complex is planned to be initiated in 2023.

"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,” said Anthony Mukutuma, general manager of FQM's Kansanshi Mine.

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