SAWEA, climate commission support renewable energy masterplan, industrialisation

The South African Wind Energy Association (SAWEA) and the Presidential Climate Commission (PCC) have welcomed the release of the draft South African Renewable Energy Masterplan (SAREM), which was developed by the departments of Mineral Resources and Energy (DMRE) and Trade, Industry and Competition (DTIC). Stakeholders have been invited to review and comment on the draft masterplan.
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Globeleq to acquire majority stake in Mozambique solar project

Independent power producer Globeleq has bought renewable energy company Scatec’s 52.5% interest in the 41 MW Mocuba solar photovoltaic plant, in Mozambique, for $8.5-million. It will also acquire Norwegian pension fund KLP Norfund Investments’ 22.5% stake in the plant, giving it a 75% interest in the plant. National utility Electricidade de Moçambique (EDM) will continue to hold the remaining 25%.
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Opinion: How South Africa could seize the moment and build renewables and battery value chains

The draft South African Renewable Energy Masterplan (SAREM) has been released for public comment. In this article, Gaylor Montmasson-Clair, who is a facilitator of the SAREM process, outlines the importance of policy in creating the anchor demand that is required for a successful industrialisation drive in renewables and battery value chains.
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Fitch maintains South Africa’s ratings, says an ANC election loss won’t mean new economic policies

On Monday, Fitch again maintained its “BB-” credit rating on South Africa – despite now expecting no economic growth this year. The US credit rating agency kept its “stable” outlook on South Africa’s long-term foreign and local currency debt ratings.
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Jan Oberholzer to leave Eskom in shock development

In a surprise announcement, Eskom said that the utility and its former COO Jan Oberholzer would “part ways by mutual agreement”. Last month, Eskom confirmed that it had signed a two-year contract with Oberholzer to oversee key projects at coal-fired power station Kusile and nuclear power plant Koeberg. 
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Grid still seen as key risk for upcoming renewables round despite reduction in govt guarantee

The government-default component of the government guarantees extended to the independent power producers (IPPs) that will be selected to build new solar and wind projects under the upcoming seventh bid window (BW7) of South Africa’s programme for the procurement of renewable energy will be reduced from 100% to 80%. IPP Office head Bernard Magoro tells Engineering News that the reduction follows a National Treasury review of the Government Support Framework Agreement, as well as consultations with the market over the past year.
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