Cape Town seeks 500 MW from energy traders at below-Eskom rates

The City of Cape Town has issued an energy trader tender that targets the procurement of 500 MW through power purchase agreements (PPAs), spanning one to ten years, from a variety of power generation technologies, including solar. Interested parties have until May 13 to respond to this tender, aimed at diversifying the city’s energy mix and protecting it against Eskom’s loadshedding schedule and the utility’s rising electricity charges.