Ramaphosa gives social partners 100 days to finalise ‘new consensus’ for reigniting …

President Cyril Ramaphosa signalled his intention to reignite the underperforming Economic Reconstruction and Recovery Plan (ERRP) through a “comprehensive social compact” that he said labour, business and government would negotiate in the coming 100 days. Delivering his State of the Nation Address at the Cape Town City Hall, owing to the extensive damage caused to the Parliamentary buildings in January as a result of a fire that was deliberately lit, Ramaphosa said a “new consensus” was needed to address the immediate crisis facing the country, as well as to create conditions for long lasting stability and development.
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Earth & Wire to build 1 300 MW transmission substation in Eastern Cape

Independent electricity retailer Earth & Wire has secured land and servitudes, executed the environmental studies and received environmental approval to build a 1 300 MW transmission substation close to Somerset East, in the Eastern Cape. It plans to start construction on the substation later this year, using a self-build option to ensure the energy from the generation assets can be evacuated to off-takers without facing delays in grid connection, the company says.
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DBSA calls for applications for Green Fund financing

Development finance institution the Development Bank of Southern Africa (DBSA) has announced the availability of funding towards green economy development projects and programmes under the Green Fund. The Green Fund has been set up to contribute towards a range of goals in transitioning to a greener economy, including the financing of projects and programmes that reduce the impact on climate change, the institution says.
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South Africa equipped on all fronts to ramp up wind turbine manufacture, rollout – Nordex

The South African Renewable Energy Master Plan’s emerging actions discussion document represents a significant opportunity to create new jobs and contribute to South Africa’s gross domestic product (GDP) through yearly production across the value chain, says renewable energy developer Nordex Energy South Africa.

Through implementing the plan, the country’s GDP is expected to receive up to a R182-billion a year boost, while the employment of 39 000 people would be required to deliver 2 600 MW of new renewable energy capacity a year by 2030.

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