Exxaro is pleased to announce that its wholly owned subsidiary Cennergi, in collaboration with ENGIE, have been announced preferred bidder under the seventh Bid Window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) for the 240MW Corona Solar Project located in the Free State.

Achieving financial close on the Corona solar PV facility will add 112MW to Cennergi's capacity, resulting in total assets under construction and operation of 607MWnet (890MWgross). This includes the recent acquisition announcement of 138 MW Gouda Wind Farm and 75 MW Sishen Solar facility which is expected to close in the first half of 2026 subject to customary regulatory approvals.

From an economic development perspective, the project has committed to a community trust equity shareholding which will be funded by Cennergi and ENGIE on a pro rata basis. Further, the activities of the community trust will be aligned to our ESG and social impact investment goals. Ben Magara, CEO of Exxaro, said: “We are excited to have been successful in this competitive bidding process that further extends our footprint across South Africa as we work towards realising a just and inclusive energy transition.”

Leon Groenewald, Executive Head of Energy at Exxaro, said: “Our collaboration with ENGIE further buttresses the importance of partnerships in realising our shared goals, with the project also aligning with our Sustainable Growth and Impact Strategy, which aims to grow our energy solutions business to reach 1.6 GWnet capacity by 2030.”

About Exxaro

Exxaro Resources Limited is a South Africa-based diversified natural resources company and one of the largest black-empowered businesses listed on the Johannesburg Stock Exchange (JSE). Exxaro has operations in South Africa, with business interests extending to Europe and Australia. The company’s primary assets include coal, a growing energy solutions business, equity accounted investments in iron ore and base metals, predominantly zinc, with acquisitive growth ambitions in energy transition metals, with a manganese transaction currently underway.

Exxaro is committed to transitioning towards a low-carbon future while continuing to meet current energy demands through coal operations, which include the world’s largest beneficiation complex. The company also focuses on renewable energy through its wholly owned subsidiary, Cennergi, which operates wind and solar projects in South Africa.

In line with its purpose of powering better lives in Africa and Beyond, Exxaro prioritises sustainability, innovation, and social impact, aiming to empower communities and protect human rights while fostering diversity, inclusion, and a culture of continuous learning amongst its work force.

About Cennergi Holdings

Cennergi is a proudly South African independent power producer and wholly owned subsidiary of Exxaro Resources Limited. The company is a diversified independent power producer and service provider that focuses on the development, ownership, operation, and maintenance of renewable energy projects, together with the asset management of its own projects and those of others. The management team of Cennergi has a proven international track record with extensive experience in developing and operating renewable energy assets in Africa.

Cennergi was established in 2012 with a mandate complimentary to Exxaro’s diversification and decarbonisation goals as set out in its Sustainable, Growth and Impact strategy. The company has a current net capacity of 496 MW of assets under construction and in operation, with ambitions to become a leading renewable energy solutions provider, adding considerable generating capacity to its portfolio over the next five years. For further information visit www.cennergi.com