South Africa will only meet its current energy demand requirement by 2040, according to a report by Standard Bank and Cresco Group. The market assessment of South Africa indicates solar PV nd wind installed capacity, utility and rooftop, will increase from 10 GW this year, to 37 GW by 2030 and 77 GW by 2040.
The National Energy Regulator of South Africa (Nersa) has approved four new electricity trading licences, the issuance of which had been opposed by Eskom, along with the country’s first-ever private import/export licence. The Energy Regulator, which is Nersa’s highest decision-making body made the approvals during their meeting on October 29, agreeing with the approval recommendation agreed to by the Electricity Subcommittee on October 1.
The success of the manufacturing sector, which plays an important role in economic development and is important for job creation, depends on reliable, stable and affordable energy supply. Manufacturers in South Africa could benefit from investing in renewable energy to not only provide that energy, but also to reduce carbon emissions, consulting firm BMA director Meghan King told delegates at the recent Manufacturing Indaba.
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