JSE-listed real estate investment trust (Reit) Redefine Property has revealed that its total renewable energy component, which includes wheeling and further expansion of its rooftop solar PV portfolio, is expected to reach 25.14% by the end of next year. Speaking at the Redefine Property capital markets day in Sandton, on August 27, Redefine developments and industrial asset management head Johann Nell provided updates on the company’s progress.
Now in its sixteenth year, the Sasol Solar Challenge is set to start on September 13 in Secunda, in Mpumalanga, and wrap up at the V&A Waterfront in Cape Town on September 20. The biennial race, which will include international teams from universities in Belgium and The Netherlands, for example, is viewed as one of the four major solar car challenges in the world.
South African private power producers are seeking compensation for revenues lost when adhering to requests from state utility Eskom to limit electricity supply to the national grid, industry executives said. Eskom has submitted a proposal to the country’s energy regulator to introduce a mechanism to compensate independent power producers (IPPs) for lost revenue resulting from curtailment rates of up to 10%.
The National Energy Regulator of South Africa (Nersa) has confirmed that it received, on August 16, Eskom’s sixth multiyear price determination (MYPD6) revenue application for the 2025/26, 2026/27 and 2027/28 financial years. In a statement the regulator said that the application would be processed in line with all required procedures, including an assessment of its regulatory compliance, after which it would be published for stakeholder comment and public consultation.