In response to the President’s call for “an ambitious, bold and urgent response to the energy crisis”, Eskom today signed lease agreements with four independent power producer investors for the commercial lease and use of land parcels at two of its power stations in Mpumalanga province for the construction of new clean energy generation capacity. […]
Eskom Considers $7.2 Billion in Wind and Solar Investment by 2030 – EQ Mag Pro
Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move […]
Eskom’s Debt Drops Below $28 Billion Amid Funding Talks
South African power utility Eskom Holdings SOC Ltd. has reduced its debt to less than 400 billion rand ($28 billion) as discussions ensue to secure funding for a transition to renewable energy, said Public Enterprises Minister Pravin Gordhan. The state-owned company announced in May it had reduced debt by a fifth to about 401 billion […]
South Africa: Gold Fields aims to cut Eskom dependence with South Deep solar plant
Gold Fields’ plans to build a 40 MW solar power plant at its South Deep gold mine southwest of Johannesburg will reduce exposure to national utility Eskom, improve reliability and lower costs, Martin Preece, executive vice president for South Africa, tells The Africa Report. The project will make Gold Fields the first mining company in […]
Old Mutual Fund Says South Africa Needs Gas as a Transition Fuel
A key funder of South Africa’s renewable energy drive is backing natural gas as the fuel needed to help the country bridge the transition from coal power generation to the use of wind and solar. Old Mutual Ltd.’s African Infrastructure Investment Managers will consider funding companies that compete for the right to produce 3,000 megawatts […]
South Africa plans 3 power ships, renewable energy investments to tackle crisis
Minister of Mineral Resources and Energy Gwede Mantashe announced eight preferred bidders in the government’s emergency risk mitigation programme. Johannesburg: South Africa has announced fresh plans to alleviate the severe electricity crisis in the country, including three offshore power ships, greater use of solar and wind energy. Minister of Mineral Resources and Energy Gwede Mantashe, […]
South Africa launches request for proposals for 1GW of solar PV
The South African government has launched its latest renewables procurement round under its Renewable Energy IPP Procurement Programme (REIPPPP), which is to procure 1GW of solar PV. Launched today (19 March 2021), the tender represents Bid Window 5 of the country’s REIPPPP, which will allow bids to be submitted by 4 August 2021. It intends […]
S Africa to get 3 power ships, invest in renewable energy to tackle electricity crisis
Johannesburg: South Africa has announced fresh plans to alleviate the severe electricity crisis in the country, including three offshore power ships, greater use of solar and wind energy. Minister of Mineral Resources and Energy Gwede Mantashe, on Thursday, announced eight preferred bidders in the government’s emergency risk mitigation programme, which will enable independent power suppliers […]
SONA Solar PV industry stands ready for action on energy crisis
The challenges of meeting South Africa’s energy needs now and into the future may be manifold, but the SA PV Industry Association (SAPVIA) and its members stand ready to support the government and Eskom. This support comes as proactive steps are taken to expand energy generation and lay the foundations for an efficient, modern and competitive […]
South Africa’s Two Biggest Cities Are Ditching Eskom And “Going Solar”
Solar energy adoption is climbing higher on the ladder of growth, as it is increasingly gaining popularity and usage all around the world. A report by the Center for Climate and Energy Solutions disclosed that “in 2018, around 100 GW of global capacity was added, bringing the total to about 505 GW and with Solar […]