Tangible Impact
- Energy savings
- Sustainable power
- Local community development
Transitional Power
Strategic Priority: Low-carbon energy solutions for a net-zero future
Opportunity: Renewable and hybrid power solutions for mining and industry is a high-growth market
STRATEGIC PARTNERSHIP
18,500 TONS
CO2 SAVED PER YEAR
6 MILLION LITRES
FUEL SAVED PER YEAR
15 mW
SOLAR GENERATION
500+ mW
PROJECT PIPELINE
HELPING OUR CLIENTS MAKE THE ENERGY TRANSITION
We manage the entire project cycle – for complete peace of mind
Chariot Transitional Power provides innovative, fully-financed, energy solutions for mining and industrial offtakers across the entire African continent. We work with our clients to deliver highly competitive projects that reduce their operating costs, improve ESG performance, and secure a reliable and low-risk energy supply – even in the most remote and challenging off-grid environments
Decrease your costs
- Renewables are increasingly the cheapest source of energy
- Contract your energy through a long-term purchasing power agreement (PPA): no upfront cost or CAPEX required
- A fixed PPA price provides a hedge against fossil fuels/grid price volatility
Secure your energy supply
- Diversify your energy supply without any compromise on reliability
- Low-risk solutions to complement your existing power supply with minimum disruptions to your operations
- Flexibility to start with a solar PV plant first and further optimize your energy supply later
Achieve tangible ESG impact
- Lower your environmental footprint by reducing emissions across your portfolio as part of your pathway to net-zero
- Turn climate risk into opportunity by creating a sustainable portfolio and a greener value chain that appeals to both investors and consumers
- Create shared value for local communities through local employment, procurement and social investment
We seek to play a leading role in accelerating Africa’s energy transition and deliver a positive impact where we operate. Our clients are increasingly embracing ambitious ESG strategies and they recognize that low-carbon power solutions can increase the value of their businesses, enable them to meet climate targets, and help cement their reputations as responsible players. We work with them to deliver genuine impact: our solutions help drive long-term value for their stakeholders and allow them to seize the ESG opportunity.
ESG credentials
- We work with leading companies to decarbonize their operations and help chart a course for a more sustainable, net-zero future
- Our projects deliver genuine, tangible impact for our clients and their stakeholders from creating local jobs and acting as a catalyst for economic growth, to tailor-made social investments in local communities
- As a result, our clients reduce their carbon footprint and strengthen their social license to operate – without compromising on business performance
Our award-winning Essakane Solar Project in Burkina Faso; helping IAMGOLD transition to renewable energy
Essakane Solar Project
One of the largest hybrid PV-HFO plants in the world
In partnership with Total Eren, we have successfully developed, financed and built, and now operate, the 15 MW solar PV plant coupled with a 57 MW HFO power plant for IAMGOLD’s Essakane mine in Burkina Faso. Chariot is an active co-developer and co-investor in the project, taking direct equity investments in projects.
Sustainability at Essakane
- 6 million litres fuel saved per year
- Supplies off-grid gold mine with competitive and carbon-free electricity
- Reduction of 18,500 tons CO2 per year
- 1% of project revenues dedicated to community investment
- All operational staff are Burkina Faso nationals – 20% women
- Project created 75 jobs during construction and 43 permanent operating jobs over the next 15 years
- Carbon credits registered with UN to provide additional funding for community projects
