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Projects driven by regulatory improvements

Embedded electricity projects are increasing in size and complexity, owing to improvements in regulations. A wider variety of power solutions, capitalising on the benefits offered by independent power producers (IPPs), are available to address client requirements, says IPP Sturdee Energy executive director Andrew Johnson. He explains that the increase of the licence-exempt threshold for embedded generation in South Africa has led to larger on-site projects being a more viable option benefitting from economies of scale. Larger embedded projects within the 5 MW to 50 MW range which exist together with the option of wheeling are now a feasible option for customers. 
October 27, 2023 by

EU must step up action in clean tech race, say industry groups

Europe’s green technology industries and materials suppliers urged European Union leaders meeting for a summit on Thursday to do more to prevent the bloc dropping out of the global clean tech race against competitors China and the US. The European Union is expected to pass legislation setting targets for EU-based companies to make at least 40% of the EU’s annual deployment needs of solar, wind and other net-zero technologies by 2030.
October 26, 2023 by

Distribution crisis requires attention on same ‘scale and intensity’ as generation shortfall

Electricity Minister Kgosientsho Ramokgopa has described South Africa’s highly fragmented electricity distribution industry as a threat to energy security that warrants attention “on the scale and intensity” that has been given to the country’s generation shortfall in the recent past. Delivering and update on the implementation of the Energy Action Plan in Parliament, Ramokgopa said that a significant number of municipalities were in a state of paralysis and unable to perform their mandated duties, including in the area of electricity distribution.
October 24, 2023 by

Top bond investor slams South Africa bid to fix State firms

Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at state entities is “ineffective, overdue, vague, and contradictory”. The National State Enterprises Bill aims to establish the State Asset Management, a holding company to consolidate the state’s shareholdings. But the draft law does little to address critical failures at the country’s government-owned companies, according to Olga Constantanos, head of credit at Cape Town-based Futuregrowth.
October 24, 2023 by

Ramaphosa says battle against coal syndicates gaining traction

President Cyril Ramaphosa has hailed the efforts by law enforcement agencies and the South African Revenue Service (Sars) to bust coal smuggling syndicates operating in the country. Planned search and seizure operations targeting coal smuggling syndicates have gained traction across five provinces with the documents of individuals alleged to have committed procurement fraud, tax crimes and coal diversion being confiscated.
October 24, 2023 by