Cape Town’s own-build solar plant on track for year-end completion

The City of Cape Town’s Atlantis solar PV plant has, to date, seen the installation of around 2 400 solar panels out of the planned 12 850 panels as part of this R200-million renewable-energy project. The plant, with an initial capacity of 7 MW, will be connected to the local grid by the end of the year.
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Global energy investment to reach record $3.3tr this year

Global energy investment is set to increase to a record $3.3-trillion this year, despite headwinds from elevated geopolitical tensions and economic uncertainty, according to the International Energy Agency’s (IEA’s) latest yearly ‘World Energy Investment’ report. The report, which provides key insights on the latest investment trends across the global energy landscape, finds that investment in clean energy technologies, such as renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, is on course to hit $2.2-trillion this year.
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Gas users call for fiscal guarantees to advance gas-cliff avoidance projects to …

Industrial Gas Users Association South Africa (IGUA-SA) CEO Jaco Human has called for the urgent finalisation of a fiscal guarantees framework to help progress, to a “transactional level”, the infrastructure required to mitigate an impending gas supply crisis. In a presentation to the Portfolio Committee on Electricity and Energy, Human welcomed recent shifts in government thinking regarding the future role of gas, including using gas-to-power (GtP) projects to anchor demand for the importation of liquefied natural gas (LNG).
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African economies need to spend one-third of their GDPs by 2030 to meet renewable energy SDGs, …

Frontier economies, mostly located in Africa, would need to spend one-third of their GDP by 2030 to achieve renewable power generation goals under the Sustainable Development Goal (SDG) scenario, compared with about 11% of GDP for other emerging markets and 4% for G7 economies, credit rating agency S&P Global president Yann Le Pallec has pointed out. “We need to address the transition and adaptation financing gap in low-income countries, which, in our view, is a major issue. Absent a strong global mobilisation from all stakeholders, the financing gap will continue to grow,” he said on June 4 at the 2025 S&P Global Ratings’ South Africa Conference, in Johannesburg.
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Godlimpi defends Transformation Fund while admitting it’s no empowerment ‘silver bullet’

While defending the controversial launch of a R100-billion Transformation Fund, Trade, Industry and Competition Deputy Minister Zuko Godlimpi has also urged lawmakers not to view the proposed instrument as a “silver bullet” for all the prevailing problems associated with the implemention of broad-based black economic empowerment (BBBEE) policies. Much of the criticism of the fund has hitherto centred on the potential for creating a new avenue for corruption by establishing a State-led fund, as well as whether an aggregated fund would prove more effective than the individual efforts of private companies seeking BBBEE credit for their enterprise supplier development (ESD) investments.
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