Embedded generation dynamics shifting from ‘buyer’s to seller’s market’

Market dynamics for embedded generation projects in South Africa have shifted materially over the past 12 months as an increasing number of mines and power-heavy industrial firms moved to install renewable-energy facilities at a time when government is also starting to resume utility scale procurement. In fact, Cresco executive director Robert Futter, who is advising several energy intensive firms on their power generation projects, reports that, as of the first quarter of 2021, there has been a decisive swing from a “buyer’s to a seller’s market”.