In some parts of the world, solar power has surpassed diesel to become the cheaper source of energy out of the two, something that the fossil fuel energy sector can no longer ignore.
In-order to be energy self-sufficient, more and more mining companies are shifting or merging their dependency to renewable energy alternatives in order to obtain a stable and economical base load power supply. The price parity that existed before between the renewable energy and diesel sectors for power generation is decreasing and along with that, it has also brought together the differences of mining industry and renewable energy.
Additionally, as very nicely defined by THEnergy, a major advantage in switching to renewable energy sources is that the indirect effects on the mining company’s market value are more significant than the pure electricity cost savings.
With the decrease in price for power generation from solar and wind energy, some remote mines in particular are going ahead with renewable energy shift, to sustainably meet their energy requirement and simultaneously reduce their energy cost expenses.
An interview published on Solarplaza.com with their CEO, Edwin Koot, points out that the average price of electricity coming from diesel fuel generators at mining sites in Africa is $0.30/kWh, whereas the average price of solar power generated electricity, is merely only $0.17/kWh-, therefore a direct switch to renewable energy can drastically reduce the energy costs of mining companies in Africa.
To highlight the advantages of making the switch to renewable energy the, benefits of solar as an energy source, how companies Africa can maximise profit by using renewable energy and discuss diesel replacement strategies, Solarplaza will be organising a conference on 4-5 March 2015 in Johannesburg, South Africa. 15 mining companies are already registered as attendees. This opportunity is not to be missed to gain information about solar/diesel hybrid systems and network with other intensive energy users. Go ahead and register your spot at solardieselafrica.com