Redstone CSP project completes first AfDB drawdown

The Redstone concentrated solar power (CSP) project has achieved its first debt drawdown on the largest renewable energy investment in South Africa to date, development finance institution the African Development Bank (AfDB) says. AfDB acted as the mandated lead arranger and coordinating bank, committing R2.31-billion to the transaction.
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Delays, inconsistency and lack of clarity blocking South African renewables rollout

Delays and halted bidding windows in relation to the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) were some of the greatest challenges highlighted by South African renewable energy industry stakeholders, said the South African Wind Energy Association (SAWEA) on February 11. The delays and inconsistent procurement timeline has negatively impacted on the continuous development and investment into industry, SAWEA added.
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Electricity Regulation Amendment Bill points to far-reaching structural changes

The market structure section inserted into the Electricity Regulation Amendment Bill provides for a shift to a competitive multimarket electricity supply industry, which represents a significant departure from South Africa’s long-standing vertically integrated model monopolised by Eskom. Published for comment this week by Mineral Resources and Energy Minister Gwede Mantashe, the new market structure is outlined in Section 32 of the Bill, which is proposed for insertion into the Electricity Regulation Act of 2006.
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Businesses find SoNA lacking; industry takes a more favourable view

Business organisation Business Leadership South Africa CEO Busi Mavuso says business was hoping for a greater sense of urgency and stronger commitment from President Cyril Ramaphosa’s State of the Nation Address (SoNA) to accelerating both the reform agenda and infrastructure rollout. “Overall, BLSA believes the President  could have done more to address blockages to the efficient implementation of already agreed policy and didn’t go far enough to build confidence that 2022 would be the year of delivery.
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Kangra cuts first coal at underground extension

Coal mining company Kangra has extended the life of its operations by opening up a new adit, which provides access to new underground coal reserves. Darren Parker tells us more.
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SKF allocates €300m to green investments

Bearing equipment and services multinational SKF has allocated €300-million to investments in accordance with SKF’s Green Finance Framework. This is an important part of SKF’s focus on reducing its own emissions, as well as increasing investments in research and development, production, testing and remanufacturing capacity for products used in industries such as renewable energy generation, electric vehicles and railway applications.
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South Africa’s just energy transition hinges on integrated policy approach

As the world’s largest economies are decarbonising, deregulating, decentralising and digitalising their energy sectors, it is imperative that South Africa, as a trading partner of these countries, also embraces this revolution to avoid hampering competitiveness and economic growth. An untransformed energy sector and resultant deindustrialisation will lead to persistently unsolved poverty, inequality and unemployment, which are systemic threats to society, says State-owned power utility Eskom CEO Andre de Ruyter.
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Exhibition provides exposure opportunity for company

German materials handling equipment manufacturer Jungheinrich aims to use the KwaZulu-Natal Industrial Tech Expo (KITE) to break into the local market, increase its exposure in the region and build brand awareness. Durban has a price-sensitive market, and Jungheinrich is still busy establishing themselves in the region. Jungheinrich doubled their order intake in 2021 compared to the previous year, says Jungheinrich sales head Chad Short.
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