Entries by

PPC to invest R664m to 2025 to kick-start decarbonisation journey

JSE-listed building materials group PPC has outlined a new decarbonisation strategy that includes firm targets for implementation by 2025 and 2030 and also outlines a long-term aspirational goal of transitioning its operations to net-zero carbon dioxide (CO2) emissions by 2050. The strategy is contained in the group’s inaugural Task Force on Climate-related Financial Disclosures (TCFD) report and the targets have been set using the 2020 financial year as the base.
November 29, 2021 by

Mainstream raises additional €90m

Wind and solar power multinational Mainstream Renewable Power raised €90-million in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa and the Asia Pacific region, the company said on November 29. The funding round will help accelerate the company’s growth, extend its footprint and support its ambitions of building a global renewable energy major.
November 29, 2021 by

South Africa seeks to end policy ambiguity delaying Eskom rescue

South Africa will soon agree on a comprehensive, unified approach to turning around Eskom Holdings, which is saddled with R402-billion in debt, according to the minister who oversees the state power utility. Eskom, which depends on coal for the bulk of its electricity generation, has subjected the country to intermittent rolling blackouts for more than a decade and accounts for about 40% of its climate-warming greenhouse gas emissions. Wide-ranging and at times conflicting suggestions for fixing the company have been flighted by the National Treasury, the energy department and the utility itself.
November 29, 2021 by

Scatec signs agreement for 20 MW solar project in Lesotho

Norway-based renewable power producer Scatec has entered into an agreement with the Lesotho Electricity Company and the government of Lesotho to build the first independent power producer (IPP) solar project in Lesotho. A related power purchase agreement (PPA), connection agreement and implementation agreement were signed at an official ceremony held in Lesotho’s capital, Maseru, which marked the culmination of successful negotiations with the Lesotho Electricity Company and the government of Lesotho.
November 26, 2021 by

Rigging qualifications awarded to youth

Last month, Italian energy company Enel Green Power South Africa (EGP RSA) announced that it had decided to help 20 unemployed youngsters from the Raymond Mhlaba district in the Eastern Cape acquire basic rigging skills. Ten young men and ten young women completed a five-day course, which culminated in a graduation ceremony. This took place on September 17 at the company’s Nxuba Wind Farm and was attended by members of the government, as well as EGP country manager and CEO William Price. The students were commended for their commitment to the programme and awarded a basic rigging qualification.
November 26, 2021 by

Energy efficiency should be prioritised as South Africa walks supply tightrope

As the world looks to develop sustainable energy industries, mitigate the impacts of climate change and reduce greenhouse-gas (GHG) emissions, energy efficiency has been emphasised as an integral part of the efforts to attain these objectives. Countries are falling well short of benchmarks, including those to reduce carbon emissions, with efforts having to be spurred on globally to ensure that targets are met.
November 26, 2021 by

South Africa won’t be ‘short changed’ in climate finance talks, Ramaphosa insists

President Cyril Ramaphosa says that government will not allow itself to be “short changed” or lumped with conditions that will undermine its developmental objectives when negotiating the details of a $8.5-billion climate-finance package with developed countries over the coming months. Responding to questions in Parliament on the issue, including one posed by Economic Freedom Fighters leader Julius Malema, Ramaphosa said that South Africa’s negotiating stance would be premised on ensuring that the eventual transaction took account of South Africa’s social and economic challenges, while affirming “our right to develop our economy in a sustainable and inclusive manner”.
November 25, 2021 by

Green economy will drive inclusive economic growth, social upliftment – Nedbank

Financial services company Nedbank on November 25 launched its revised corporate social investment (CSI) strategy, which will focus on the green economy elements of agriculture, water, energy and waste, in recognition that a green economy approach is a key enabler of economic growth, social upliftment and inclusivity, while protecting the country’s natural ecosystems, said Nedbank group market and corporate affairs group executive Khensani Nobanda. “Building a green economy is the only viable path to a resource-efficient, low-carbon and pro-employment future for our country, and our commitment to the green economy as the anchor for our strategy is one of the key ways we can contribute to the realisation of this goal and the economy’s sustainability and effectiveness,” she added.
November 25, 2021 by

Necsa advocates for further investment in nuclear power

The National Nuclear Regulator on November 23 and 24 hosted public hearings into the Thyspunt nuclear installation site licence application made by power utility Eskom, during which the South African Nuclear Energy Corporation (Necsa) highlighted its support for the installation. The corporation said a nuclear power project could contribute to the country’s security of electricity supply at a low cost and provide stable employment over the lifetime of the plant.
November 25, 2021 by