The G20 Energy Transition Work Group will have its inaugural meeting this week to discuss the energy priorities that South Africa is seeking to place on the international agenda during its G20 presidency. Electricity and Energy Minister Dr Kgosientsho Ramokgopa has confirmed that the meeting will take place virtually on February 27 and 28 and will be attended by senior officials from all G20 countries, including a senior official from the US Department of Energy.
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Cape Town businesses and households have broken through the R55-million earnings mark since the start of the city’s Cash for Power programme in 2022/23, until January 31 this year. Cape Town is the first metro to buy excess solar PV power from small-scale generators, with more than 1 840 small-scale power sellers now participating.
South African energy solutions provider Decentral Energy has secured a R300-million funding commitment from specialist investment company Futuregrowth Asset Management. The funding will enable Decentral Energy to accelerate the expansion of its integrated energy asset portfolio and to continue delivering sustainable energy to customers in the retail, tourism, agriculture, residential and commercial and industrial (C&I) sectors across the country.
Power utility Eskom downgraded loadshedding to Stage 2 from 05:00 on Tuesday, from Stage 4 on Monday. This followed the successful recovery of eight out of ten generation units and the restoration of 3 808 MW from units that tripped over the weekend.
Platinum group metal (PGM) producer Northam has finalised a power purchase agreement (PPA) with an independent power producer (IPP) to supply wheeled electricity from the 140 MW Karreebosch Wind Farm, on the border of the Northern Cape and the Western Cape, to provide energy to its PGM operations in Limpopo and the North West. This is the second significant renewable-energy deal for Northam, following the finalisation of a PPA in respect of an 80 MW solar power plant to service its Zondereinde mine, as announced in October 2024.
International and local associations, as well as various energy experts, agree that achieving net zero in the 44 countries that have committed thereto will be virtually impossible without including nuclear power in the energy mix. Nuclear is widely recognised as a key energy source in the transition to a sustainable and low-carbon future; failing which, countries, including South Africa, risk falling short on their climate goals.
State-owned South African Nuclear Energy Corporation (Necsa) has secured approval, as well as R1.2-billion in funding, from government for the second phase of its multipurpose reactor, which entails doing the detailed design, Necsa Nuclear Operations and Advanced Manufacturing group executive Ayanda Myoli has told journalists. The approval and funding indicated a high level of confidence from government that it was a viable project for the country and Necsa, he said in a media briefing on February 17.
The trading arm of private energy company NOA is gearing up to supply wheeled renewable electricity to multiple customers in South Africa following the National Energy Regulator of South Africa’s (Nersa’s) recent approval of its trading licence. NOA Group CEO Karel Cornelissen says the licence enables NOA Trading to aggregate energy from the company’s own renewables generators and other independent power producers and supply it to Eskom- or municipal-connected customers across the country.
JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025 financial year will be lower than those of the previous period. In a preclose briefing on February 17, the company noted that changes in the iron-ore market, given the rand value received on iron-ore exports and the volume reduction from ArcelorMittal South Africa (AMSA) in the first half of the 2025 financial year, severely impacted on Afrimat’s financial performance.
The International Energy Agency (IEA) anticipates global electricity consumption will increase at the fastest pace in years over 2025 to 2027, fuelled by growing industrial production, rising use of air conditioning, accelerating electrification and the expansion of data centres. Global electricity demand increased by 2.5% in 2023, 4.3% in 2024 and will likely grow by another 4% a year from 2025 to 2027.
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