Heavy lifting and crane rental services company Sarens, through its South African division Sarens Siba, is working on the installation of 125 t wind turbine generators (WTGs) for the first phase of the InnoVent Diaz onshore wind farm in Namibia, with the second phase scheduled to start soon after. The new InnoVent Diaz onshore wind farm will be able to reach an energy capacity of 44 MW and will produce 230 GWh/y of renewable electricity once commissioned by the end of this year.
The World Bank Group is considering financing $500-million of South Africa’s participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official told Reuters. South Africa is courting private investment for an ambitious plan to add 14 500 km of new lines and enhanced transformer capacity over the next decade, at an estimated total cost of $25-billion, as it looks to emerge from a decade of crippling power cuts that have battered the economy.
In this opinion article, International Finance Corporation (IFC) regional industry director for the infrastructure and natural resources sector in Africa Sarvesh Suri underlines the importance of transmission infrastructure for improving security of supply in Africa. Suri also outlines the IFC’s role in advising governments and developers on advancing private-sector-led transmission lines. The progress in power generation across Africa has been encouraging: 26 GW of renewables-based generation capacity added in the last 10 years, according to the Renewable Energy Market Analysis report.
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