星期四, 11月 26, 2020
Home PV News Africa South Africa to invest 5.4 bln USD in first-phase renewable energy

South Africa to invest 5.4 bln USD in first-phase renewable energy

The South African government on Monday announced that 47 billion rands (about 5.4 billion U.S. dollars) will be spent in developing the first-phase renewable energy.
This was revealed by South Africa's Energy Minister Dipuo Peters while she addressed the media in the administrative capital of Pretoria.
"It is part of the government plan to ensure that 42 percent of electricity generated in South Africa should come from renewable energy in a 20-year projection," said the minister.
Peters added he was pleased to announce that the country will carry out the program through Window 1 of the Renewable Energy Independent Power Producer Program (REIPPP).
The REIPPP was introduced by her department in August 2011, with the first bid submission for Window 1 scheduled for November 2011.
Window 1 will seek 1,400 megawatts of renewable energy, giving the bidders in wind and solar projects until June this year to reach financial close, but the date has been postponed due to some factors.
"This investment will create job opportunities for a number of South Africans, especially in rural areas where these renewable power plants are located," said the official.
In this scheme, private companies would be assisted financially to engage in renewable energy programs, including producing electricity from nuclear, biomass, renewables (wind, solar and hydro) with the reduction of carbon emissions.
Independent power producers would have to approach the government, showing their capability to engage in renewable energy.
The minister said,"I will reiterate that the South African government is committed to renewable energy as part of our energy mix, and we will continue to implement the renewables program in accordance with the Integrated Resource Plan 2010-30."
In his State of the Nation Address in February, President Jacob Zuma announced a massive infrastructure plan, comprising the development project of the green energy in support of the South African economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

BYD provides 75-MW energy storage system to Mustang solar project

BYD “Build Your Dreams” announced it will partner with Canadian Solar to provide advanced battery technology for the 100-MWAC Mustang solar plant in Kings...

Capital Dynamics subsidiary acquires 316-MW solar project portfolio

Capital Dynamics’ Clean Energy Infrastructure (CEI) business has completed the purchase of three solar PV projects from LS Power. Simultaneously CEI completed the placement...

IMO FireRaptor now UL-listed for rapid shutdown with SMA inverters

IMO announced the FireRaptor’s latest UL PVRSS listing with the SMA Sunny Boy range of solar inverters from 3 kW to 7.7 kW and...

Savion sells 30-MW Virginia solar project to Falck Renewables and Eni US

Savion announced it has reached a definitive agreement to sell the Westmoreland Solar Project in Westmoreland County, Virginia. Falck Renewables North America and Eni...