All financing conditions for the Ummbila Emoyeni facility have been met and financing is in place to begin construction of the 155 MW project, located between Bethal and Morgenzon in Mpumalanga. The initial phase of Ummbila Emoyeni is the first of eight phases for the planned
900 MW renewable energy cluster.

Seriti Resources partnered with Standard Bank, RMB, and Venn Energy in the financing and development of this initial 155 MW facility with a capex cost of R4.5 billion. Construction of the first phase has begun with completion expected in the 2nd quarter of calendar year 2026.

“The financial close of this project illustrates that we don’t just see a world of new possibilities; we’re actively building it one green electron at a time,” said Peter Venn, CEO of Seriti Green.

“We are delighted to share this meaningful progression in Seriti Resources’ just energy transition. We see this as a holistic and inclusive commitment to responsible stewardship that addresses the challenges of climate change, whilst partnering with local communities to create space for them to grow and flourish,” said Mike Teke, Group CEO of Seriti Resources.

The wind farm will be constructed in Mpumalanga, the country’s coal heartland, and will result in significant investment in the region along with the creation of jobs, procurement opportunities, and social investment expenditure. The construction of the project is expected to create approximately 800 jobs.

As a responsible coal producer, Seriti Resources is conscious of the impact that fossil fuels have on the environment and is committed to facilitating a just energy transition to a low-carbon economy while balancing South Africa’s energy needs.

The initial phase of 155 MW will be generated by Seriti Green and wheeled through the national grid to Seriti Resources’ coal mining operations reducing its carbon emissions by 5.1 mega tonnes per year.

This development underpins the pledge Seriti Resources made in the MoU signed with Eskom, which outlined Seriti’s commitment to use renewable wind and solar energy in its facilities by procuring renewable energy to reduce its CO2 emissions. More information on Seriti Green can
be found at www.ummbilaemoyeni.com.