South African mining companies are increasingly investing in private renewable energy projects to maintain competitiveness as the EU's Carbon Border Adjustment Mechanism (CBAM) enters its permanent phase. By reducing embedded emissions in metals like platinum and iron ore, exporters aim to avoid costly carbon tariffs and meet strict global disclosure standards. This shift is exemplified by projects like the 255 MW Thakadu solar plant, which helps industrial operations hedge against rising utility tariffs and grid instability. The move signals a broader trend where energy procurement is now a primary tool for carbon management in heavy industry.
