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Offshore wind farms a potential energy source

Offshore wind farms have received less attention in the transition to net zero, primarily owing to technology barriers linked to higher capital costs and the lesser adoption of the technology, says University of Pretoria (UP) former master’s student and current engineering unit manager Sibusiso Nozakuzaku, who conducted a study on the feasibility of offshore wind farms. These challenges are observed globally, and are not specific to South Africa, adds UP sustainable management senior lecturer Dr George Alex Thopil, who was Nozakuzaku’s supervisor.

Shoprite clinches R3.5bn in sustainability-linked loans

The Shoprite group has finalised R3.5-billion in sustainability-linked loan agreements, with the aim to expand its key environmental programmes as part of a wider sustainability strategy.  The finance agreements include a R2-billion loan from Standard Bank, as well as an R800-million sustainability-linked loan and a R700-million green loan from Rand Merchant Bank for investment in environmental projects. 

WASA Phase 3 has reached completion

The Wind Atlas for South Africa (WASA) Phase 3 project, which anchored the development of wind resource mapping-capacity, reached completion at the end of 2021, says energy research institution South African National Energy Development Institute GM Dr Karen Surridge. The objective in all phases of the WASA project was to employ quantitative ground measured wind resource and modelling methods to assess the wind resource across South Africa. This is designed to support industry and government in the planning and rollout of large-scale exploitation of wind power in South Africa, she notes.

Sasol addresses food security, unemployment in its communities

Energy and chemicals group Sasol has launched Bridge to Work (BtW), a portfolio of initiatives aimed at reducing unemployment in its communities across the country. This is done by developing emerging farmers and improving access to economic opportunities for the youth, women, and adults out of work by providing training in critical skills such as agriculture, motor mechanics, welding, technology and digital business management skills.

Plans in place despite setbacks

Despite global energy markets being impacted by the Covid-19 pandemic and Russia-Ukraine war, consequently causing inflation, chemicals and energy company Sasol CEO Fleetwood Grobler said, during the company’s yearly financial presentation in August, Sasol was still able to progress its Future Sasol aspirations. The Future Sasol strategy outlines concrete plans to accelerate the decarbonisation of the company’s business operations.

Substantial green energy investment needed to bridge African power gap

The shortage of electricity in many African countries is about equivalent to 1% of the global average and if this energy poverty gap is to be bridged by renewable energy in line with carbon-neutral targets, Africa will need to deploy an additional 2 354 GW of renewable generation by 2050 to bring the continent up to the world average for electricity access and meet decarbonisation commitments, professional services firm PwC estimates. This increase of nearly 40 times the current installed renewables capacity of 59 GW is estimated to cost Africa about $2.6-trillion – about the current size of Africa’s gross domestic product.