Mining Giant Ventures into Renewable Energy Market

Garden View, South Africa [] International mining company Anglo Coal ventured into the renewable-energy market by acquiring a 5.3% equity stake in a German photovoltaic technology company, Johanna Solar Technology (JST). JST, which is based near Berlin, will begin construction of what is expected to be the most advanced plant for the production of solar modules based on a new thin-film technology. The innovative photovoltaic technology, which was developed by the University of Johannesburg, has been licensed to JST. The technology entails the use of copper, indium, gallium, sulphide and selenium metals to produce the photovoltaic cells.
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