DRDGOLD’s Stellar Solar Asset Fuels 401 GWh Renewable Deal, Cuts 433,080 t CO₂
DRDGOLD sold its Stellar solar photovoltaic project to NOA Group, now underpinning a 401 GWh annual renewable supply deal with Sibanye-Stillwater. The former DRDGOLD asset bolsters NOA’s 1.5 TWh capacity and contributes to a projected 433,080 t CO₂e emissions reduction by 2028.
1. Divestment of Stellar Solar Project
DRDGOLD completed the sale of its Stellar solar photovoltaic project to NOA Group, transferring ownership of the solar facilities and associated grid connections. The transaction forms part of DRDGOLD’s strategy to monetize noncore assets and strengthen its liquidity position.
2. Integration into NOA’s Renewable Supply Agreement
NOA Group incorporated the acquired Stellar project into a broader renewable energy portfolio now delivering 401 GWh per year to Sibanye-Stillwater under a long-term contract. This arrangement complements NOA’s total generation capacity of 1.5 TWh and includes plans for an additional 100 GWh via flexible short-term allocations.
3. Emissions and Strategic Implications
The supply deal is expected to reduce Sibanye-Stillwater’s annual greenhouse gas emissions by approximately 433,080 t of CO₂e starting in 2028. For DRDGOLD, the divestment signals a shift toward core mining operations while potentially freeing capital for exploration or debt reduction.