Standard Bank backs 500-MW-worth of decentralised electricity projects post reforms

Standard Bank reports that it has provided funding to South African decentralised electricity projects with a combined capacity of more than 500 MW over the past two years, following regulatory changes allowing such projects to proceed without a licence. Operation Vulindela, which oversaw the regulatory reforms, reported that the pipeline of private renewables projects currently stood at 22 500 MW and that efforts were being made to remove the grid-related bottlenecks to unlocking further investment.