South African state utility Eskom has formally launched Eskom Green, a new business strategy dedicated to building and selling its own green power from solar, wind and energy storage assets to industrial customers.

Named Eskom Green, the unit will operate under Eskom Holdings before transitioning into a wholly-owned subsidiary operating autonomously

Announced on Tuesday, Eskom Green will initially operate within Eskom Holdings before being separated into a wholly owned subsidiary with its own board, subject to regulatory,…