DLO Energy Resources Group (DLO), a 100% Black female-owned renewable energy company, has announced a significant milestone in increasing female ownership and promoting gender equality within the energy sector.
A recent article in Business Report states that DLO recently acquired an additional 30% equity stake in the BBBEE Special Purpose Vehicle (SPV) of the Longyuan Mulilo wind projects in the Northern Cape. This strategic move positions DLO as the largest black female-owned shareholder in one of South Africa's largest operational wind farms, solidifying its commitment to renewable energy and empowering women in leadership roles.
The company operates as an independent power producer, driving the transition to clean and sustainable energy solutions in South Africa and other parts of the African continent. With a track record of successful operational and financial involvement in the sector, DLO has established itself as a leading force in the renewable energy industry.
The Longyuan Mulilo wind projects, a collaboration between DLO, China Longyuan Power Group Corporation, a consortium of South African entities, and a local community trust, boast a combined generating capacity of 244 MW. These state-of-the-art wind farms, consisting of 163 turbines, have been actively feeding clean electricity into the national grid since 2017, significantly contributing to South Africa's energy needs and mitigating the impact of load shedding. The wind farms have reduced carbon emissions by an estimated 619 900 tonnes of CO2 per annum, furthering South Africa's commitment to combat climate change.