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Anuva seeks to expand solar PV investment portfolio

Alternative investment fund manager Anuva Investments is seeking to collaborate with industry experts and reputable engineering, procurement and construction (EPC) partners to fund solar photovoltaic (PV) projects in the agricultural, commercial and industrial, as well as residential space.

To supplement its existing agriculture-focussed solar PV project pipeline with projects in the Western Cape and North West provinces, Anuva will continue to source and secure new technical partners in other sectors.

June 13, 2022 by

Motsepe plans to boost clean power generation seven fold

African Rainbow Energy and Power (AREP), backed by South African billionaire Patrice Motsepe, is looking to boost renewable power generation sevenfold to become one of the biggest clean electricity providers on the continent. The Johannesburg-based company ultimately has a target of adding as much as 5 000 MW of assets. It’s invested in more than 700 MW already and looking with partners at an additional 2 000 MW by the end of the second quarter next year.
June 13, 2022 by

Exxaro secures Nersa registration for 80 MW solar project at its Grootegeluk coal mine

Diversified mining and renewable energy company Exxaro Resources and its wholly-owned subsidiary Cennergi has confirmed the successful registration of the 80 MW Lephalale Solar Project (LSP) by the National Energy Regulator of South Africa and the regulator’s executive committee.

The project marks the first phase of decarbonisation at the Grootegeluk mine, in Limpopo.

June 13, 2022 by

New report outlines strategy for ending load-shedding by early 2024, but delivery hinges on …

A comprehensive strategy for drastically reducing, or even eliminating, the scourge of rotational power cuts in South Africa by early 2024 has been outlined in a new public-interest report published by Meridian Economics. The authors warn, however, that load-shedding is poised to rise to extreme levels unless unprecedented interventions, underpinned by “substantial political will”, are taken urgently to introduce about 10 GW of mostly wind and solar photovoltaic (PV) generators into the energy starved system by that date.
June 13, 2022 by

Nedbank CIB facilitates R10bn loan to realise Harmony’s renewable energy goal

Nedbank, acting through its corporate and investment banking (CIB) division, has coordinated and structured an innovative financing solution for Harmony Gold to enable the miner to refinance and upsize its key corporate debt facilities through a R10-billion package.

JSE-listed Harmony formally appointed Nedbank CIB to act as a global coordinator and bookrunner, as well as a global sustainability coordinator, to structure and arrange the substantial dual currency, multi-tranche debt package.

June 10, 2022 by

SAWEA appreciates President’s energy reform efforts

The South African Wind Energy Association (SAWEA) has applauded President Cyril Ramaphosa’s support for the energy sector’s transformation and welcomes the clarity he has provided on various reforms.

The association deems the reforms vital for the sector to become competitive, with multiple generators of power competing to supply electricity at the lowest cost and selling power directly to customers.

June 10, 2022 by

Solving Eskom’s inability to meet demand requires multistakeholder participation – EIUG

The Energy Intensive Users Group (EIUG) says that the task of mitigating risks related to the system performance and defining future electricity supply is too complex to be resolved by power utility Eskom alone, but instead requires active participation by other stakeholders as well.

EIUG CEO Fanele Mondi notes that the latest Eskom system status briefing (its winter plan) and poor performance during May, are evidence of increased levels of system strain, characterised by growing unplanned generation outages and a shortage of generation capacity to perform maintenance and meet demand.

June 10, 2022 by

Eskom invites tenders for PV system at Komati power station

State-owned Eskom has extended an invitation to interested parties to submit a tender for the provision of design, engineering, procurement, construction, construction management, start-up, commissioning, performance testing, operator and maintenance training of a solar agrivoltaics or photovoltaic system for the Komati power station. The tender deadline is 10:00 on July 7 and a non-compulsory clarification meeting will be conducted virtually on Microsoft Teams on June 15.
June 10, 2022 by

Committee welcomes appointment of Jacob Mbele as DMRE director-general

Portfolio Committee on Mineral Resources and Energy chairperson Sahlulele Luzipo has welcomed the appointment of Jacob Mbele as director-general of the Department of Mineral Resources and Energy (DMRE), saying he believes Mbele’s illustrious career at the DMRE qualifies him for the position. Mbele has served as the chief director for electricity in the former Department of Energy and later became deputy director-general for energy programmes and projects at the DMRE.
June 10, 2022 by