South African mining group Exxaro Resources has strengthened its shift into clean energy with the acquisition of more than US $100 million worth of renewable-energy assets. Through its energy subsidiary Cennergi, the company has signed a binding agreement with Acciona Energía to purchase majority stakes in two fully operational projects, the 138 MW Gouda Wind Farm in the Western Cape and the 75 MW Sishen Solar Facility in the Northern Cape. The deal also includes the operations and maintenance company responsible for running both plants.
Exxaro confirmed that the transaction, valued between R1.7 billion and R1.8 billion, will significantly expand Cennergi’s energy portfolio. Once completed, the acquisition will raise Cennergi’s installed capacity from 200 MW to approximately 317 MW, marking a substantial step in the miner’s long-term energy transition strategy. Both renewable facilities currently supply electricity to the national utility Eskom under long-term power purchase agreements, ensuring stable revenue streams until the mid-2030s.
The move aligns with Exxaro’s broader ambition to evolve from a coal-focused miner into a diversified minerals and energy company. The group has set a target of managing at least 1.6 GW of renewable-energy capacity by 2030, a goal supported by both acquisitions and ongoing construction projects. Acquiring the plants’ operations and maintenance firm also provides Exxaro with greater control over the performance, lifespan and efficiency of its energy assets.
The company expects the transaction to be finalized in the first half of 2026, pending regulatory approvals. Once completed, the deal will position Exxaro as one of South Africa’s fastest-growing private-sector investors in renewable energy, reinforcing its strategic shift toward cleaner power while maintaining reliable long-term income beyond mining operations.
