We believe that clean energy disruption in the mining and industrial sectors is gaining pace and will become the norm. In five years from now, most mines and remote industrial operations will have incorporated renewable energy into their energy supply.
Renewable energy and local smart grids are the future and the related transformation will require significant investment globally over the next 20 years. The increasing penetration of renewable energy creates the need for power storage to manage intermittency and offer low-cost stable and reliable renewable power.
Efficiency enhancements and cost reductions will continue to make power generation from PV and battery storage more cost-efficient and competitive versus fossil fuel powered facilities. Compelling economics combined with the growing social demands for more green energy implies exponential growth of renewables to power mines and industrial sites.
Strong country regulatory track-record, high quality assets, long term global and local partnerships are key factors when investing profitably in this space. Our investment decisions are based on expert analysis, deep experience and successful track record in the countries where we invest and a hands-on approach to asset management.
Minegenco’s power team is specialized in solar photovoltaics, wind, battery storage and hybrid systems.
Our market focus is on regions where the potential to reduce the cost of energy and emissions at mines and industrial facilities is significant and where Minegenco can envisage establishing a 50-100MW business unit over the next 3 to 5 years.