Chariot Limited (CHAR): Etana offtake contract build-out
This situation live
CHAR Chariot Limited
6 Feb 2026 · PPA signed; supply from late 2027 · −8% until the next step
Etana will deliver 220MW of renewable energy per year to Sibanye-Stillwater's mining operations, commencing in late 2027.
23 Feb 2026 · Orkney 150MWAC offtake added; financial close reached · −4% until the next step
Etana is executing its plans at pace, closing projects expected to generate in excess of 500MW in the last 12 months
8 Apr 2026 · Etana building out; 400MW under development · +15% until the next step
Continuing to execute its business pla n at pace with 400MW of wind and solar under development and over 500MW of shovel-ready grid connectable projects in pipeline
30 Jun 2026 · 400MW under construction; pipeline growing · +90% since
400MW of wind and solar under construction having reached financial close and over 500MW of shovel-ready grid connectable projects in pipeline
Etana offtake contract build-out
400MW under construction; pipeline growing
Next: Progress the 500MW+ shovel-ready pipeline
Every step · 4
- 6 Feb 2026 PPA signed; supply from late 2027 – Etana will deliver 220MW of renewable energy per year to Sibanye-Stillwater's mining operations, commencing in late 2027. ↗
- 23 Feb 2026 Orkney 150MWAC offtake added; financial close reached – Etana is executing its plans at pace, closing projects expected to generate in excess of 500MW in the last 12 months ↗
- 8 Apr 2026 Etana building out; 400MW under development – Continuing to execute its business pla n at pace with 400MW of wind and solar under development and over 500MW of shovel-ready grid connectable projects in pipeline ↗
- 30 Jun 2026 400MW under construction; pipeline growing – 400MW of wind and solar under construction having reached financial close and over 500MW of shovel-ready grid connectable projects in pipeline ↗
What is happening
Chariot Limited: Etana offtake contract build-out – 400MW under construction; pipeline growing. ['400MW under construction; pipeline growing']
- In short
- Etana (34% Chariot economic interest) signed a 10-year Sibanye-Stillwater offtake on 6 Feb 2026 and sole Orkney offtake on 23 Feb 2026. The 30 Jun 2026 results confirm 400MW under construction and over 500MW shovel-ready. These assets are now part of the Renewables business Chariot wants to monetise.
- Announced
- 6 Feb 2026 · PPA signed; supply from late 2027
- Latest
- 30 Jun 2026 · 400MW under construction; pipeline growing
- Chariot interest
- 34% economic interest in Etana via Chariot Generation and Trading
- Prior Mulilo project
- 75MWAC Du Plessis Dam Solar PV2, construction began last year
- Under development
- 400MW of wind and solar
- Pipeline
- Over 500MW shovel-ready
- Sibanye PPA
- 220MW, 10 years
- Orkney offtake
- 150MW of solar power in sole offtake
- Under construction
- 400MW wind and solar, financial close reached
- Funding
- Standard Bank, Norfund, British International Investment, GuarantCo
What comes next
Progress the 500MW+ shovel-ready pipeline.
From the company's own announcements. Not investment advice.
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