Harmony Gold Mining Company is a 30 MW of ground-mounted solar project in the Free State Province. The plants – Tshepong, Eland, and Nyala – are located in the town of Odendaalsrus, and the power generated will be sold to Harmony Gold Mining under a power purchase agreement (PPA) for a period of 15 years.

Name	Harmony Gold Mining Phase I: Tshepong, Eland, and Nyala
State	Free State Province
Country	South Africa
MW	30 MW
Status	Commissioned
Type	C&I, Wheeling
EPC	Harmony Gold Mining Company, Energy Group, BBEnergy
Off-taker	Harmony Gold Mining Company
Cost	n/a
Technology	PV, Off-grid

Financing Structure

Organization	Financing Instrument	Amount
Rand Merchant Bank	Debt	n/a
Infrastructural, Developmental and Environmental Assets Managed Fund (IDEAS Fund)	Equity	n/a
Mahlako Energy Fund	Equity	n/a

Updates

17 August 2023 – Mining company Harmony commissions 30 MW solar plants in South Africa

Name	Role	Amount	Financing Instrument	Status
–	–	–	–	–

2 June 2022 – Harmony Demonstrates ESG in action as it concluded ESG-linked loans and starts construction of three 10 MW solar PV Plants

Name	Role	Amount	Financing Instrument	Status
Harmony Gold Mining Company	EPC	–	–	Added
Energy Group	EPC	–	–	Added
BBEnergy	EPC	–	–	Added
Rand Merchant Bank	Investor	n/a	Debt	Added
African Clean Energy Developments (ACED)	Advisor	–	–	Added
Infrastructural, Developmental and Environmental Assets Managed Fund (IDEAS Fund)	Investor	n/a	Equity	Added
Mahlako Energy Fund	Investor	n/a	Equity	Added