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R390bn in electricity investment ‘tangible evidence’ of benefits of reforms

The first phase of Operation Vulindlela, which was set up jointly by the Presidency and the National Treasury to oversee structural economic reforms, unlocked R390-billion worth of investment in the electricity sector. The investment figure is included in the Medium-Term Budget Policy Statement released on Wednesday by Finance Minister Enoch Godongwana, who indicated the second phase would seek to build on previous efforts.
October 30, 2024 by

NTCSA revises latest TDP considering uptick in expected generation capacity

The National Transmission Company of South Africa (NTCSA) has hosted its inaugural Transmission Development Plan (TDP) briefing since starting commercial operation in July this year, with the 2024 TDP reporting higher required transmission capacity installations compared with the prior TDP, in line with expected generation capacity increases.

NTCSA interim CEO Segomoco Scheppers says the prior TDP projected that 53 GW of new generation capacity would be online by 2032, with nearly 39 GW of the capacity coming from renewable energy. That would have required 4 200 km of high-voltage transmission lines and 170 transformers providing 105 000 MVA of capacity.

October 30, 2024 by

Clean energy technology market to rival crude oil market value by 2035

Based on the current policy environment, the global market for clean energy technologies is set to rise from $700-billion in 2023 to more than $2-trillion by 2035, close to the value of the current global crude oil market, a new International Energy Association (IEA) report shows. The latest edition of the IEA’s ‘Energy Technology Perspectives 2024’ (ETP-2024) report, which was published on October 30, states that trade in clean technologies is also expected to rise sharply. Within a decade from now, it will more than triple to reach $570-billion, more than 50% larger than current natural gas global trade figures.
October 30, 2024 by

Batting away Eskom objections, Nersa approves four new electricity traders and first private …

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.
October 29, 2024 by

Renewables, wheeling agreements could help local manufacturers

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.
October 29, 2024 by

Africa power transmission set for investment wave, says UK development bank BII

Power grids vital to expanding access to energy in Africa and transitioning to cleaner sources are poised for a growing wave of funding that governments should prepare for, according to the UK development bank British International Investment. “Transmission in terms of capital needed is the next evolution that is waiting to really take off,” Chris Chijiutomi, BII’s managing director and head of Africa, said in an interview in Cape Town Thursday. That’s because grid upgrades on the continent were typically financed with loans from the World Bank or other agencies, “but as the governments’ fiscal position has got worse” there’s been a realization that there aren’t enough funds, he said.
October 25, 2024 by

SAWEA opens applications for 2025 Wind Industry Internship Programme

The South African Wind Energy Association (SAWEA) has announced the opening of applications for the 2025 Wind Industry Internship Programme (WIIP). The initiative supports South Africa’s goal of achieving a low-carbon economy and a climate-resilient society through creating jobs, aligning with South Africa’s Just Energy Transition Investment Plan (JET-IP), and the South African Renewable Energy Master Plan (Sarem).
October 25, 2024 by

New Just Energy Transition matchmaking platform aiming for R600m in grant disbursements in 2025

A new matchmaking platform to directly link providers of grant funding pledged to South Africa’s Just Energy Transition Investment Plan (JET-IP) with domestic beneficiaries is aiming to ensure the disbursement of at least R600-million in grant funding to 20 projects in 2025 and facilitate disbursements of R1.5-billion to 50 projects in 2026. Grant recipients could include local small firms, trade unions, municipalities, as well as community-based and nongovernmental organisations.
October 25, 2024 by