Private equity fund launched to replace R12bn Section 12J tax incentive

The Twelve B Green Energy Fund – South Africa’s first private equity fund enabling green energy investors to qualify for South African Revenue Service-approved tax deductions – was launched on February 14.

The fund, regulated by the Financial Sector Conduct Authority, has a mandate to invest in solar panels, inverters and batteries in residential complexes, as well as commercial and industrial installations.

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Salga hopes to play role in alleviating energy crisis

The South African Local Government Association (Salga) has welcomed the declaration of a State of Disaster over the country’s energy crisis, and it hopes to play a central role in the process. In an exclusive interview with Polity following last week’s State of the Nation Address tabled by President Cyril Ramaphosa, Salga president Bheke Stofile said that the energy crisis had always been a disaster for local government.
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Can adding rooftop solar really move the loadshedding needle?

President Cyril Ramaphosa’s announcement that incentives will be introduced to help facilitate solar investments by businesses and households was arguably the high point of a State of the Nation Address, where the declaration of a state of disaster and the appointment of an Electricity Minister stole the headlines. But can such investments really help to reduce loadshedding, which increased by four times last year to about 8.1 TWh and disrupted a total of 3 775 hours across 205 days?
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Cape Town publishes guide for commercial customers selling power to the city

The City of Cape Town has published a guide for commercial customers to sell their excess power back to the city, with the amount of energy that customers can produce limited by the size of their system, which is limited by the size of their connection to the city grid. The city has also published guidelines for residential customers wanting to sell excess power to it, but these will be available later this year, in addition to the existing credit offset against monthly account.
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SAWEA applauds appointment of Electricity Minister

The South African Wind Energy Association (SAWEA) has voiced its support for President Cyril Ramaphosa’s leadership and firm commitment to fixing South Africa’s electricity crisis, as stated in his State of the Nation Address (SoNA) of February 9.

Of significance, says SAWEA, is Ramaphosa’s plans to appointment a new Electricity Minister, dedicated to ending the prevailing electricity generation deficit, by safeguarding that the Energy Action Plan (EAP) is implemented, to ensure increased new power generation over the next five-year period.

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EIUG welcomes Ramaphosa’s plans to resolve the energy crisis

Nonprofit association the Energy Intensive Users Group (EIUG) says it broadly welcomes the pronouncements made by President Cyril Ramaphosa in his State of the Nation Address (SoNA) last week. The association says it is particularly encouraged by the drive and retained focus demonstrated by Ramaphosa on the Energy Action Plan first outlined in July last year, which generally aligns with the EIUG’s views on these matters.
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Neither a new Minister, nor a state of disaster helpful for solving energy crisis

Business organisation Business Leadership South Africa (BLSA) says neither the creation of a new post for an Electricity Minister, nor the declaration of a state of disaster, as announced during President Cyril Ramaphosa’s State of the Nation Address last week, provide a clear opportunity for business to partner to relieve the energy crisis. “It is extremely difficult for many businesses to make investments in the current environment. Loadshedding is the most obvious challenge,” says BLSA CEO Busi Mavuso.
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UK company to build prototype nuclear fusion energy system on UK government agency site

UK nuclear fusion power company Tokamak Energy and the UK Atomic Energy Authority (UKAEA, the government agency responsible for British nuclear fusion energy research and development) have jointly announced that the company is to build its prototype spherical tokamak, designated ST80-HTS, at the UK Fusion Cluster. The UK Fusion Cluster is located on the UKAEA’s Culham Campus, in Oxfordshire, in England. Culham is also the site of the Joint European Torus fusion experiment, which has made major …
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South Africa utility giant seeks permission to pollute more

South Africa’s Eskom, already named as the world’s biggest sulphur dioxide emitter, is seeking approval to release more of the pollutant linked to ailments ranging from asthma to heart attacks. The move is part of an attempt by the company to reduce the level of temporary blackouts the nation is facing as a result of its inability to meet demand.
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Crisis presents unique opportunity for South Africa to transition to clean energy

Energy efficiency technology company Plentify CEO and co-founder Jon Kornik believes the solution to South Africa’s energy crisis goes beyond just bringing an end to loadshedding.   Instead, he says, the focus should be on enabling the country to transition to a clean, affordable and reliable energy system. 
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