The South African government’s plans to expand renewable energy infrastructure in the country have received a major boost in the form of financial assistance from the African Development Bank. The African Development Bank (AfDB) has announced a $1.34 billion loan to South African utility Eskom for the expansion and strengthening … [continued]
South Africa’s government has dismissed reports that claim it is planning to set up nuclear power plants to address the rising demand for electricity. Energy minister Tina Joemat-Petterson told reporters that her government has not signed any agreement with any country to acquire equipment for nuclear power projects. The minister sought to clear … [continued]
The global renewable energy market is abuzz with the recent announcement of results of the fourth round auction of projects under South Africa’s Renewable Energy Independent Power Producers Procurement Programme. But the real impetus for these and future auctions is related to a crucial development in South Africa’s electricity sector. Bidding … [continued]
South Africa is celebrating yet another success of the Renewable Energy Independent Power Producers Programme with the operationalisation of the country’s first concentrated solar power plant. Abengoa and Industrial Development Corporation (IDC) have commissioned a 100 MW solar thermal power project that they had jointly secured during the first auctions of … [continued]
Abengoa has reported progress on its third solar power project under South Africa’s ambitious Renewable Energy Independent Power Producer Procurement program. The Xina Solar One concentrated solar power project has secured debt financing, the owner and developer of the project, Abengoa, has announced. The project, with a capacity of 100 MW, … [continued]
The Mpumalanga province in eastern South Africa has been prone to frequent load-shedding like the rest of the country. Now this is ironic because “Mpumalanga” literally means “the place where the sun rises.” Just over a week ago, South African utility Eskom was forced to implement rolling blackouts for the second … [continued]
The European Investment Bank (EIB) has announced a loan of €75 million for the Xina concentrating solar power plant in Northern Cape Province, South Africa.
By Denis Kuznetsov Open innovation has been a hot topic in the business world since its introduction by Professor H. Chesbrough in 2003. Having initially evolved in technology and consumer goods corporations (like IBM and P&G), the open innovation paradigm is now spreading to most industries, including energy and cleantech. In simple words, the … [continued]
Green job creation, as well as clean energy generation, is a focal point in evaluating 2nd-round bids for developing renewable energy projects in South Africa as the government aims for renewable energy resources to meet 42% of the nation’s electricity needs by 2030.
South Africa this week proposed a national carbon tax as part of the country’s national budget, becoming the latest major economy to move toward charging for emissions. But, a large swath of emissions would be exempt until 2020.
