London (CNN Business)Imagine living in drizzly London or icy Montreal but making money from the sun shining in Cape Town. That’s the premise behind Sun Exchange. It sells solar cells (the parts which make up a solar panel) to online buyers around the world and leases them to schools and businesses in South Africa. The […]
SOUTH AFRICA: Eskom launches major tender for electricity storage
South African state-owned company Eskom is to initiate a call for tenders for a large-scale battery-powered electricity storage project. It will be implemented in two phases with an expected capacity of 1.4 GWh. South Africa is about to launch one of the largest electricity storage projects in the world. This involves the installation of batteries […]
$11 Billion Green-Energy Initiative Takes Shape in South Africa
A plan to establish the world’s largest green-energy financing initiative is being threshed out in South Africa, which needs to reduce its environmental footprint and find innovative ways to fund debt-stricken state power utility Eskom Holdings SOC Ltd. The plan being formulated by Meridian Economics, a Cape Town-based think tank, is under consideration by the […]
Climate change: India pitches for financial support
In the run-up to two key UN summits on Climate Change, India has raised the pitch for finance and technology support to developing nations to achieve the Paris Agreement goals of keeping a global average temperature rise this century well below 2 degrees Celsius. Union Minister for Environment, Forest and Climate Change Prakash Javadekar said […]
Africa’s Wind Project Pipeline Grows to 18GW
There is growing momentum behind the development of long-term incentive mechanisms to support African wind markets. The wind industry has been slow to take off in Africa. Developers commissioned projects in only four African markets in 2018. However, the policy inconsistency that has held the market back in previous years is beginning to change. The […]
Senegal imports tribunes for first wind farm project, aims to become leader in renewables
Senegal started importing turbines for its first large-scale wind farm on Thursday, the biggest such project in West Africa that will supply nearly a sixth of the country’s power. Privately-owned British renewable power company Lekela expects the wind farm, located in Taiba Ndiaye, about 100 km from the capital Dakar, to reach 158.7 megawatts (MW) […]
How important are climate issues in South African elections
When climate adaptation is not the mainstream political agenda, driving the South Africa’s National Climate Change Adaptation Strategy will be a challenge Southern Africa is on the frontline of rising global temperature. Even as the Intergovernmental Panel on Climate Change (IPCC) called upon the world to restrict the global temperature rise to 1.5 degrees Celsius, […]
New Development Bank Board of Governors and Board of Directors Meetings Held in Cape Town, South Africa
The 4th Annual Meeting of the NDB Board of Governors (BoG) and the 18th Meeting of the NDB Board of Directors (BoD) were held in Cape Town, South Africa on 31 March and 1 April 2019 respectively. At the meetings, members of the Boards noted the achievements of the Bank, including expansion of its business, […]
New Southern Energy completes first floating PV project in South Africa
New Southern Energy has completed the first floating PV project located in South Africa, with the installation operating at a dam next to a fruit farm just outside of Franschhoek in the country’s Western Cape province. The floating PV project has a generation capacity of 60kW and will help produce clean energy to the farm, […]
Eskom Crisis Worries South African Renewable Energy Power Producers
Renewable energy players fear power-purchase deals could be renegotiated. South Africa’s wind industry this month attempted to deflect a threat to renewable energy interests caused by troubles at state utility Eskom. A renegotiation of terms with successful bidders from the first two rounds of the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) would […]