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    IN BRIEF: Chariot joint venture wheels energy though Cape Town grid

    September 18, 2023 - Alliance News


      Chariot Ltd - Africa-focused transitional energy company - Says Growthpoint Properties Ltd became the first party to wheel renewable electricity in Cape Town via the city's grid as part of plans to end loadshedding in collaboration with licenced electricity trader Etana Energy Pty Ltd. Chariot holds a 25% interest in Etana. Chief Executive Officer Benoit Garrivier says: "Through our joint venture, Etana Energy, we are very proud to have been involved in the first wheeling of renewable energy in Cape Town. We are very pleased that the city selected us as a trading partner, and we look forward to providing further energy support to the region for the foreseeable future.

      "This electricity licence not only enables us to instigate this trading, but it also has the potential to help to unlock the development of further large renewable projects in South Africa. We are looking to supply greener power across the national grid for commercial and industrial requirements so this early stage trading is a key step within our longer term plans for this business."

      Current stock price: 13.98 pence, up 6.7%

      12-month change: down 27%

      By Sabrina Penty, Alliance News reporter

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