Spain to invest $2.3 billion in S. African energy transition
South Africa produced an energy-transition plan last year that estimated it will need 1.5 trillion rand ($82 billion) in investment over the next five years.
“To get to zero emissions, we need metals. It would be the largest boom the mining industry has seen since the California Gold Rush of 1849. The demand would be infinite.”
RWE has one of the largest renewable-energy portfolios among European utilities, but it still generates about a quarter of its power from lignite plants.