Kibo forms working relationship with IGES to pursue South African waste-to-energy projects

Africa-focused energy company Kibo Energy has satisfied all conditions required, and completed an agreement with South Africa-based Industrial Green Energy Solutions (IGES), to jointly develop a portfolio of waste-to-energy projects in South Africa.

The companies entered into an agreement to jointly develop a portfolio of waste-to-energy projects in South Africa, with an initial target of generating more than 50 MW of electricity for sale to industrial users.

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Ramaphosa sees big green economy opportunity in ‘bold’ climate commitment

President Cyril Ramaphosa says it is time for South Africa to “grasp the nettle” and embark on a “transformative path” towards a climate-resilient society both to fulfil its moral obligations in the face of an intensifying crisis, but also to seize the economic and job opportunities that are arising around the transition. Speaking during the third formal meeting of the Presidential Climate Commission (PCC), which he established in December 2020 and chairs, Ramaphosa said that, given the primacy of the climate crisis on the international agenda, South Africa could no longer be debating whether or not it should transition to a low-emissions society.
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Nedbank clients can fund home solar PV system through their home loan

Nedbank clients have the option to finance the installation of solar photovoltaic (PV) systems for their homes through their Nedbank home loan, the bank’s research, insights, retail and business banking executive Bruno Ching’andu has said. In a South African Photovoltaic Industry Association-hosted webinar this week, Ching’andu encouraged consumers to consider this option, as it could become more affordable to pay off the home loan repayment installment than to foot an ever-increasing electricity bill from the municipality or Eskom.
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Distributed generation funding model ideas will ‘evolve’, but regulation critical

New funding model ideas for distributed generation projects will evolve as the market expands, but Rand Merchant Bank (RMB) business development head Hugh Howarden has stressed the importance of government clarifying the requirements for the development and registration of such projects. President Cyril Ramaphosa in June announced that the licensing-exemption threshold for distribution generation projects would increase to 100 MW and that the new requirements for such projects would be gazette within 60 days.
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