At PayJoy, we are proud to announce that we have made a significant effort to offset our carbon footprint from 2022 by investing in a wind energy project in South Africa, one of the countries where we operate, through our ongoing partnership with ClimatePartner.
As a socially responsible company, PayJoy recognizes the need to take concrete steps towards a better world on responsible lending but also on its impact on climate. We will keep striving to find new and innovative ways to reduce our carbon footprint and protect our planet for future generations.
Learn more about this project
What is the project about?
This wind energy project located on the Swartkoppies and Maanhaarberge mountains in the Northern Cape region in South Africa is making a significant contribution to sustainable energy by utilizing the region’s wind energy potential to generate electricity in an environment-friendly way that would have otherwise been generated by coal-fired plants.
Wind energy is a clean and renewable energy source that can replace fossil fuels and reduce CO2 emissions. In most cases, the sustainably generated electricity from the wind power projects is fed into a regional power grid, which diversifies the power supply and improves energy security in regions that are frequently affected by power shortages and outages.
What is the impact?
The project involves 67 wind turbines that help reduce CO2 emissions by 286,750tonnes per year. By supplying 290,500 MWh of renewable energy to the grid per year, the project makes clean electricity available to more people in South Africa.
This project also contributes to further UN Sustainable Development Goals. It provides health services to the local community including primary healthcare, dental, eye, and COVID-19 related services with a mobile health clinic. In addition, by rehabilitating five existing and drilling one new borehole, the project provides clean water to 6,502 people in the local community.
Source: ClimatePartner 1515 – Wind Energy