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Opinion: South Africa’s wind energy sector has role to play in reaching a net zero carbon economy

In this article, South African Wind Energy Association (SAWEA) CEO Ntombifuthi Ntuli writes about the South African wind energy sector’s role on the road to a net zero carbon economy by 2050. Following the release of the Global Wind Energy Council’s ‘Global Wind Report 2021’, the buzz in the sector is around reaching net zero carbon economies. This is not surprising as the council’s annual flagship dossier sets the tone in preparation for the 2021 United Nations Framework Convention on Climate Change’s twenty-sixth Conference of Parties, also known as COP26, and highlights wind power’s role on the road to net zero carbon economy by 2050.
April 21, 2021 by

Civil society calls for public hearings on RMIPPPP

Civil society organisations are calling for public hearings into the decision by the Department of Mineral Resources and Energy (DMRE) to include projects by Karpowership among the preferred bidders for the Risk Mitigation Independent Power Producers (RMIPPP). Environmental justice organisation the Green Connection says it has been very vocal, adding its voice to the public outcry, amid concerns about the choice of emergency power, which will see South Africa tied to fossil fuels for another 20 years.
April 20, 2021 by

Clean, affordable energy still not accessible to the poor

The transformative role of clean, safe and affordable energy in reducing poverty and inequality, and in improving the quality of life of poor South African households as envisaged in the 1998 Energy White Paper, has failed to materialise to any significant degree, says State institution and research developer Public Affairs Research Institute (Pari) senior researcher Dr Tracy Ledger.

In the second working paper on energy and society, she reveals that the overwhelming reason for this failure is the collapse of energy policy and governance, and the absence of effective oversight of how local municipalities have actually delivered energy services to households.

April 20, 2021 by

Carbon emissions set to surge in 2021 as coal rebound eclipses record renewables growth

Global energy-related carbon dioxide (CO2) emissions could surge by 1.5-billion tonnes in 2021 to 33-billion tonnes, reversing most of last year’s decline caused by the Covid-19 pandemic, as rebounding coal demand in the electricity sector more than offsets record renewables deployments. This forecast is made in a new International Energy Agency (IEA) report, which states that the expected 5% increase in CO2 emissions will represent the biggest yearly increase since 2010 and the second largest in history.
April 20, 2021 by

Kibo makes progress in shift to renewables

Africa- and UK-focused energy company Kibo Energy on April 19 said it had started an extensive due diligence process for the potential acquisition of all or part of a prospective portfolio of renewable energy projects in the UK. The portfolio comprises several standalone renewable energy projects, focusing on the generation and/or storage of electric power from renewable generation sources.
April 19, 2021 by

AP Ventures adds Pavilion Capital as a partner

Singapore-based investment company Pavilion Capital has become a limited partner in venture capital manager AP Ventures’ Fund II.

In welcoming Pavilion Capital as its eighth limited partner, AP Ventures and its portfolio companies “look forward to benefitting” from working with a Singapore-based investor focused on the North Asian and Southeast Asian economies, states AP Ventures.

April 19, 2021 by

Energy expert writes to government calling for overhaul of RMIPPPP ahead of July financial close

An energy expert has written to the Department of Public Works and Infrastructure (DPWI) and the Independent Power Producer (IPP) Office to highlight the expensive shortcomings of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), which he says should be replaced by a materially larger, yet more cost-effective, procurement programme based primarily on renewables and storage, rather than power ships. DPWI, together with The Presidency, is overseeing the implementation of the Strategic Infrastructure Projects, or SIPS, earmarked for priority implementation as part of government’s economic recovery from the Covid-19 pandemic. The RMIPPPP is one of the 62 initial SIPS Gazetted in line with the Infrastructure Development Act.
April 19, 2021 by

Eskom says Oracle halts technical support

Eskom Holdings said it was urgently seeking new providers of technical support after Oracle Corp’s South African unit withdrew its services over a payment dispute. The State power utility has been in a disagreement with Oracle, which initially claimed Eskom underpaid it by about R7.3-billion, before reducing the amount to R380-million.
April 19, 2021 by

Gas is the new coal with risk of $100bn in stranded assets

Natural gas is falling out of favor with emissions-wary investors and utilities at a quicker pace than coal did, catching some power generators unaware and potentially leaving them stuck with billions of dollars of assets they can’t sell. Citigroup Inc. and JPMorgan Chase & Co. are among the banks that strengthened their financing restrictions on thermal coal under pressure from shareholders wanting to avoid the fuel, and the expectation is that gas is next. Executives at some western European companies say they’re already struggling to sell gas-fired facilities.
April 19, 2021 by