Despite ongoing loadshedding, President Cyril Ramaphosa has moved to highlight some of the implementation progress under the Energy Action Plan (EAP), which marked its first anniversary in late July, including a doubling of rooftop solar installations. The President’s weekly newsletter coincided with the release of a one-year progress report on the EAP, which covers developments under the plan’s five pillars, which include: fixing Eskom and improving the availability of existing supply; enabling and accelerating private investment in generation capacity; fast-tracking the procurement of new generation and storage capacity; unleashing investment by businesses and households into rooftop solar; and transforming the electricity sector to achieve long-term energy security.
Renewable energy company G7 has failed to interdict Eskom from applying its new grid access rules. Had the interdict been granted, the progress of new energy projects, both those planned by the private sector and those commissioned to supply Eskom, would have stalled. Judge Basheer Vally dismissed the application for an interdict, with costs, on Monday. Part B of the case – on the substantive issue of Eskom’s authority to change grid rules – is still to be argued.
South African investment management company Westbrooke Alternative Asset Management has successfully closed its R300-million inaugural tax-enhanced renewable energy alternatives investment strategy. It plans to invest the capital alongside South African businesses that install, operate and own small and medium-sized embedded generation solar photovoltaic (PV) projects.
INDUSTRY NEWS
- DMRE to push for Cabinet approval of new-look IRP by end-March despite big revisionsNovember 26, 2024 - 6:04 pm
- NTCSA appoints EPC suppliers for transmission substationsNovember 25, 2024 - 5:05 pm
- Eskom finalises technical breakthrough enabling it to extend deadline for meter conversionsNovember 25, 2024 - 1:04 pm
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