“ OVER 3GW OF POWER PROJECTS WITH OVER 1GW INVOLVING SOLAR “PV” APPLICATIONS.”
Argentum Energy Limited (“AE”), founded in 2016, is a Mauritius based company whose experienced management team has extensive, practical know-how of developing and financing complex renewable energy projects across Africa.
This energy capability came to AE through the integration of the technical, operational and management team of UK-based Future Earth Energy (“FE”). AE has one of the strongest technical and commercial teams in the energy sector, having delivered and advised on over 3GW of clean energy projects and closed financing transactions of more than $4bn.
AE was established in Mauritius to provide the platform to expand these capabilities into Africa, and specifically take advantage of the accelerated development of “captive plant” energy that is underway on the continent and focusing on delivering 24/7 power solutions for on and off grid mining operations.
AE is an investment company in solar energy, that offers clients a total energy solution. It can also incorporate solar power with hybrid options (e.g. diesel/HFO) which can address the base load requirements of consumers needing power 24/7.
AE sources and develops projects using its own capital and has excellent access to major financial institutions for project debt.
THE AFRICAN POWER STORY
Due to outdated and poor infrastructure, and the growing demand for power across the continent, disruptions to the grid in Africa are common place.
Infrastructure upgrades take time, and governments are often not equipped to finance and carry out much needed refurbishments and installations, so grid stability is likely to remain an issue in Africa and to power reliant industries.
The mining industry has suffered directly as a result, with outages (up to 20+ per month) becoming one of the most frequent causes of production losses, equating to up to 27% per annum in some mining districts, resulting in billions of dollars of lost production and increased maintenance costs.
The proposition of Hybrid Power Plants, comprising thermal, PV and battery is becoming increasingly attractive, and owing to price De-escalation is now competitive in unit cost terms to many African grid charges.