South Africa’s draft updated Nationally Determined Contribution (NDC) unveiled by Forestry, Fisheries and the Environment Minister Barbara Creecy on March 30, proposes quicker emission cuts, but also outlines the need for a step change in international climate finance to support the country’s transition to a lower-carbon economy. Direct consultations will now be held with stakeholders until the end of May, including with all nine provinces, while written inputs can be submitted to the department up until April 30.
Renewable energy developers are cautiously optimistic about the announcements made by the South African government that Bid Window 5 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is going ahead, but the documents specifying requirements are still not available, says energy, mining, public and private consultancy Economic Development Solutions (EDS) MD Janine Espin. The Department of Mineral Resources and Energy last week said it would hold a virtual bidders conference in April to share the relevant information and qualifying criteria with those interested in participating in Bid Window 5.
Renewable energy developers are cautiously optimistic about the announcements made by the South African government that Bid Window 5 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is going ahead, but the documents specifying requirements are still not available, says energy, mining, public and private consultancy Economic Development Solutions (EDS) MD Janine Espin. The Department of Mineral Resources and Energy last week said it would hold a virtual bidders conference in April to share the relevant information and qualifying criteria with those interested in participating in Bid Window 5.
A new independent power utility has been established in South Africa to sell electricity directly to private and municipal customers rather than to Eskom. Branded Earth & Wire, the company aims to build a large-scale portfolio of renewable-energy assets and enter into power purchase agreements (PPAs) with its own customers.
Denmark-based wind energy equipment multinational Vestas is optimistic about renewable energy, and specifically onshore wind energy, opportunities in South Africa and more broadly in Africa. “We are also evaluating the potential of South Africa to act as a possible industrial hub towards the Southern and Eastern African markets. The African Continental Free Trade Area, which came into effect in January, presents interesting opportunities, especially for South Africa to view the renewable energy industry and the relevance of support for it through a new lens,” says Vestas South Africa MD Louise Paulsen.
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