Black, female-owned group increases stake in one of SA’S biggest wind farms
THE DLO Energy Resources Group, a 100% black female-owned renewable energy company, has announced a milestone in increasing female ownership and promoting gender equality within the energy sector.
The company recently acquired an additional 30% equity stake in the BBBEE Special Purpose Vehicle (SPV) of the Longyuan Mulilo wind projects in the Northern Cape.
This strategic move positions the group as the largest black female-owned shareholder in one of South Africa's largest operational wind farms, solidifying its commitment to renewable energy and empowering women in leadership roles.
The DLO Energy Resources Group operates as an independent power producer, driving the transition to clean and sustainable energy solutions in South Africa and other parts of the African continent.
With a track record of successful operational and financial involvement in the sector, the group has established itself as a leading force in the renewable energy industry.
The Longyuan Mulilo wind projects, a collaboration between DLO Energy Resources Group, China Longyuan Power Group Corporation, a consortium of South African entities, and a local community trust, boast a combined capacity of 244MW.
These state-of-the-art wind farms, consisting of 163 turbines, have been feeding clean electricity into the national grid since 2017, significantly contributing to South Africa's energy needs and mitigating the impact of load shedding.
The wind farms have reduced carbon emissions by an estimated 619900tons of carbon dioxide per annum, furthering South Africa’s commitment to combat climate change.
Linda Mabhena-olagunju, the CEO of DLO Energy Resources Group, is spearheading the company’s DLO African Women in Leadership Summit, taking place on August 15, in Sandton, and coinciding with Women’s
Month. The summit aims to empower women and facilitate their entry into the energy sector by exploring opportunities within the energy value chain.
The event will provide a platform to expose women-owned entities to
the vast potential that exists energy sector, specifically.
“We aim to use our platform to empower and support female entrepreneurs by providing them with guidance in identifying opportunities in the within the renewable energy market.
“The summit will offer a workshop on understanding the renewable energy value chain. We encourage suppliers to attend as there are many opportunities in the sector,’’ she said.