Tiger Brands turns to solar to reduce its reliance on Eskom

mylesillidge

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South Africa's biggest listed food maker turns to solar

Tiger Brands Ltd., Africa's biggest listed food maker, will install solar power at four manufacturing sites by early next year, part of a wider rollout to reduce the company's dependence on South Africa's state-owned electricity firm.

The Johannesburg-based company is looking to source 65% of power at plants in the country from renewable energy by 2030, according to an emailed statement Wednesday.

[Bloomberg]
 

Polymathic

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RonSwanson

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It would be so funny if Eskom one day can finally provide enough power, but then finds that they no longer have any customers :ROFL:
It's a perfect storm: the need for a reliable and cost-effective electricity supply, combined with a Corporate Social Responsibility program. So instead of wasting money on poor school feeding schemes, and building and maintaining infrastructure for the indigent, it makes far more sense to use those funds to ensure the sustainability of the organisation and its employees, and at the same time reduce their carbon footprint.
Looks great on the investor report, and eminently far better value than YARBBSG (Yet Another Racist Boring BEE Shares Giveaway).

10/10 to Tiger Brands and anyone with similar initiatives.
 

RonSwanson

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Their way ahead of you

Ah, but at least they have started their journey to energy independence, sustainability and are way ahead of their competitors (who will pay the same surcharge in any case).
Success breeds success, and who knows, they might even start a Tiger Energy Company in the same way that Amazon became a provider of cloud hosting services. If it makes sense for homeowners, think how much sense it makes at scale. Besides, it's great having Eskom as a competitor :laugh: :ROFL:
 

Pak Fa Fui

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Ah, but at least they have started their journey to energy independence, sustainability and are way ahead of their competitors (who will pay the same surcharge in any case).
Success breeds success, and who knows, they might even start a Tiger Energy Company in the same way that Amazon became a provider of cloud hosting services. If it makes sense for homeowners, think how much sense it makes at scale. Besides, it's great having Eskom as a competitor :laugh: :ROFL:
65% of renewable power by 2030
Thats makes a good marketing motto for corporate social responsibility requirements, nothing more
 

mypetcow

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They’re probably only going to be offsetting their daytime usage by solar. So they’ll still have Eskom for the cloudy days and for nights. Can’t get rid of Eskom at that scale so quickly or cheaply
 

Pegasus

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65% of renewable power by 2030
Thats makes a good marketing motto for corporate social responsibility requirements, nothing more
Nope, it means they don’t have to shut down during power cuts and loadshedding in 2030 when it will be worse than now. So no financial loss.

To go 100% costs a lot more.
 

CartoonFan

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Nope, it means they don’t have to shut down during power cuts and loadshedding in 2030 when it will be worse than now. So no financial loss.

To go 100% costs a lot more.
Unless they've got a battery storage system as well they're still gonna have loadshedding. They'll just have a smaller power bill. You need either solar panels that can meet 100% of your demand or battery storage to avoid loadshedding.
 

JustAsk

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They’re probably only going to be offsetting their daytime usage by solar. So they’ll still have Eskom for the cloudy days and for nights. Can’t get rid of Eskom at that scale so quickly or cheaply
This...and only the manufacturing part.

MOST businesses with solar setups (especially those that jump on soapboxes to announce it) only cater for daily needs. They are smart enough to make proper calculations and NOT go full off-grid.
 

Pak Fa Fui

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Nope, it means they don’t have to shut down during power cuts and loadshedding in 2030 when it will be worse than now. So no financial loss.

To go 100% costs a lot more.
As stupid as it sounds government stated LS will end in 2024-2025
If they are right, then what happens to the investment. It’s just a saving and not a solution
The only other benefit will be corporate social responsibility
 

mojoman

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As stupid as it sounds government stated LS will end in 2024-2025
If they are right, then what happens to the investment. It’s just a saving and not a solution
The only other benefit will be corporate social responsibility

:laugh::laugh::laugh::laugh::laugh::laugh:
 

mypetcow

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They are smart enough to make proper calculations and NOT go full off-grid.
I have the feeling that when most people hear solar they automatically add batteries and assume it’s all off grid when in fact in most cases it isn’t. Especially in the commercial sector.
 
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