Shoprite group rolls out electricity wheeling at a third site

The Shoprite retail group has started wheeling renewable electricity at its home office in Brackenfell, Cape Town, making it the company’s third site to implement this energy solution. Wheeling involves the buying and selling of electricity between private parties, using an existing grid to transport power from where it is generated to an end-user.
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South Africa’s 2030 decarbonisation target at risk, climate commission warns

The Presidential Climate Commission (PCC) is cautioning that South Africa may miss its 2030 decarbonisation target in light of a decision to further delay the decommissioning of three aged coal power stations and if new clean sources are not introduced in line with the country’s electricity generation roadmap. The warning is contained in the commission’s inaugural ‘South African State of Climate Action’ report, released on July 25.
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Africa offers $193bn renewables opportunity, study shows

Sub-Saharan Africa offers a $193-billion opportunity to invest in renewable energy and transmission by 2031, with returns a multiple of those in Europe and the US, according to a new study. Utility-scale wind, solar, storage and transmission projects across a number of African countries may yield an internal rate of return of 15% to 21%, significantly above the cost of capital and yields on sovereign bonds, the study compiled by Wood Mackenzie showed. Returns in the US and Europe are a little more than 5%.
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