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Ellies reports first-half loss in earnings despite load-shedding boom

JSE-listed diversified electronic and alternative energy products manufacturer and distributor Ellies, impacted by global and local supply chain challenges of the Covid-19 pandemic, the July civil unrest and weak trading conditions, has reported a loss before interest, taxes, depreciation and amortisation of R19.5-million for the six months ended October 31.

This is attributable to a 38.2% decrease in gross profit when compared with the comparative reporting period of 2020.

December 15, 2021 by

Building owners have one year left to obtain energy performance certificates

Owners of buildings in South Africa have one year left to obtain and prominently display an Energy Performance Certificate (EPC) or risk a fine of R5-million, five years imprisonment or both. The regulations, under the National Energy Act, were gazetted a year ago and apply until December 7, 2022, meaning that building owners who have not acted have a year left in which to comply.
December 14, 2021 by

HSBC says it will phase out financing of thermal coal by 2040

HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel. The London-based lender will stop financing thermal coal in the European Union and countries belonging to the Organisation for Economic Cooperation and Development by 2030, and all other nations a decade later, according to a statement Tuesday. Clients related to the energy source are expected to publish transition plans and those that aren’t compatible with HSBC’s goal to reach net-zero by the middle of the century won’t be provided with new finance.
December 14, 2021 by

Eskom to engage on way forward after being denied permission to delay air-quality compliance

Eskom says the decision by government to refuse several applications for the postponement of the implementation of some of the air quality compliance timelines set in legislation will result in the immediate shutting of 16 000 MW of capacity and have a “very significant impact on Eskom’s ability to provide electricity”. It is, thus, proposing an engagement with stakeholders on the “way forward”.
December 14, 2021 by

Scatec to deliver two hybrid energy plants in Cameroon

Renewable energy company Scatec has entered into a lease agreement with electricity company Eneo in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 MW/19 MWh storage. The plants will supply low-cost, clean and reliable electricity in Maroua and Guider in the Grand-North of Cameroon, and the International Finance Corporation (IFC) is partnering with Scatec’s Release to realise these redeployable projects. 
December 13, 2021 by

Standard Bank issues green, social bonds to finance renewable, housing projects in South Africa

Financial services firm Standard Bank has issued its first local Tier 2 capital qualifying green bond to finance renewable energy projects in South Africa and increased its social bond issued in August to finance mortgage loans in the affordable housing target market, with a focus on women borrowers. The new ten-year, R1.4-billion bond is listed on the JSE Sustainability segment and proceeds will be used to finance renewable energy projects in South Africa.
December 13, 2021 by

Eskom insists it has applied for a 20.5% tariff hike, as Nersa table shows 32.15%

State-owned electricity utility Eskom continues to maintain that its revenue application, including the implementation of regulatory clearing account (RCA) decisions already made, would translate to a 20.5% increase in the standard tariff on April 1, rather than the 32.15% hike outlined in a ‘pro forma’ table produced by the regulator. The National Energy Regulator of South Africa’s (Nersa’s) figure, which has been shared with Engineering News & Mining Weekly, is based on revenue from standard tariff customers rising to R302.9-billion in 2022/23, from R245.7-billion in 2021/22.
December 13, 2021 by

Oil industry cleaning technique adapted for nuclear decontamination in the UK

The adoption of a cleaning method from the oil and gas industry has allowed the decontamination of pipe sections from the former Harwell nuclear research site in the UK. As a result, instead of having to be stored as low-level nuclear waste, the sections of pipe can be recycled. “By adapting a proven technology and applying it to the treatment of the pipework, the amount of waste that would otherwise need to be consigned to the low-level radioactive waste repository has been drastically reduced and only small volumes of secondary waste will need processing for onward treatment and disposal,” explained Low Level Waste Repository Ltd (LLWR) Waste Management Services Consultant and Magnox Relationship Manager Carly Sutton. LLWR manages and operates the UK’s permanent repository for low level nuclear waste, near Drigg in West Cumbria in England.
December 13, 2021 by

Energy expert makes case for solar-wind-storage only IRP with game changing ‘superpower’

An Integrated Resource Plan (IRP) comprising only solar, wind and storage (SWS) would deliver not only a load-shedding-free electricity supply industry but also create the platform for new industries to be built on near-zero-marginal-cost excess green electricity, a South African energy expert shows. Detailed modelling undertaken by Clyde Mallinson outlines that this alternative SWS IRP would involve the deployment, between 2021 and 2040, of 40 GW of new wind, 230 GW of solar photovoltaic (PV) and 35 GW/290 GWh of storage, comprising mainly of battery energy storage and mechanical gravitational potential energy storage.
December 10, 2021 by