What is the primary purpose and strategic goal of Eskom's newly launched renewable energy unit?

The primary purpose of Eskom's newly launched renewable energy unit, named Eskom Green, is to develop utility-scale renewable energy projects as part of Eskom's broader plan to achieve up to 32 gigawatts of renewable energy capacity by 2040. It will initially operate within Eskom Holdings before being separated into a wholly-owned subsidiary with an independent board, and it aims to deliver about 6 gigawatts of carbon-free electricity by 2030 through a pipeline of renewable energy and storage projects. The unit specifically targets energy-intensive sectors such as mining and manufacturing, offering them renewable power contracts backed by storage.

How is Eskom Green funded and structured in its initial phase?

Eskom Green is funded through Eskom's approved capital expenditure programme, with initial-phase funding provisioned internally and supported via on-balance sheet funding. Structurally, it begins as a business unit operating within Eskom Holdings and is planned to be later separated into a wholly-owned subsidiary with an independent board.

South Africa's Eskom launches renewable energy unit

Jun 9, 2026

South African state utility Eskom launched a new business unit for utility-scale renewable energy projects, aiming for 32 gigawatts of capacity by 2040. The unit will target energy-intensive sectors like mining and manufacturing with carbon-free power backed by storage.

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