The report presents the results of a study which unpacks some of the major political, institutional, regulatory and social barriers to renewable energy deployment in South Africa. It also provides some insight into proposed means of addressing these barriers to facilitate accelerated industrialisation in the renewable energy sector.
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Enel Green Power (EGP) signed an agreement to form a joint venture with a subsidiary of Qatar Investment Authority (QIA) aimed at financing, building and operating renewable projects in Sub-Saharan Africa. As part of this agreement QIA will also acquire 50 per cent of EGP’s stake in approximately 800 MW of projects in South Africa and Zambia under the first phase.
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IFC, a member of the World Bank Group, and Nedbank Limited, a wholly owned subsidiary of Nedbank Group, have partnered to increase financing for renewable energy projects in South Africa. As part of the agreement, IFC will provide Nedbank Limited with a loan of up to $200 million to help it expand its green finance operations.
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Enel Green Power has commissioned its 140MW Nxuba wind farm in South Africa’s Eastern Cape province. The wind farm was constructed with an estimated investment of Euro 200m wind farm and is under a 20-year power supply agreement with Eskom. The project is expected to generate 460 GWh of energy a year and expected to reduce CO2 emissions to the extent of 460,000 tonnes annually.
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South Africa faced an acute economic crisis due to the global pandemic. Due to the fall in power demand, the economic crisis impacted the country’s power sector which was already facing persistent issues with power cuts. in a bid to recover from the economic turmoil and promote cleaner sources of energy, the country is focusing on a just energy transition.
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Actis-backed independent power producer (IPP) Lekela Power and its consortium partners have started commercial operation of its Kangnas wind farm in the Northern Cape Province of South Africa. The consortium partners include Mainstream, African Rainbow Energy and Power (AREP), Kangnas Renewable Energy Community Trust, Old Mutual Life Assurance Company and H1 Holdings.
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South Africa’s IRP 2019 plans for a substantial reduction of the share of coal-fired electricity (72% of 52 GW in 2019 to 43% of 81 GW by 2030), but does include the commissioning of an additional 1.5 GW of coal. The renewable technologies with the largest planned growth are wind (14.4 GW to be added by 2030) and solar PV (6 GW).
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Despite a large and rapidly growing population, the U.S. Energy Information Administration (EIA) expects electricity consumption in Africa to remain a relatively small share of global totals through 2050. Relatively low consumption, in part, results from the limited reach of central grid power in rural areas and the unreliability of central grid power in urban areas.
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Solar Power Europe conducted a virtual event with various industry associations from Africa to highlight the impact of Covid-19 on the African solar sector. Check out the presentations made by associations from South Africa, Mozambique, Nigeria and Kenya as well as by GET.invest at the event.
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What we are is a continent with a chronic inability to implement these policies. A perfect example can be found in the power sectors across sub-Saharan Africa. A large part of the continent’s power sector has suffered from underinvestment as well as a failure to implement the various energy reform policies proposed over the years.
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There is little doubt that hydrogen will be a major force in achieving the 2°C scenario and that South Africa stands in an unprecedented position to partake in the global hydrogen economy — both through direct use of hydrogen technology and through supplying the raw materials that enable it.
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To illustrate the transition from conventional power to renewable power generation in Africa: in the time period from 2008 to 2012, the share of renewables in power generation investments was at about 15 per cent, which increased to over 80 per cent for the period between 2013 to 2019.
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The capacity determined is 6.8 GW, to be generated from renewable energy sources (solar PV and wind), 0.5 GW to be generated from storage solutions, 3 GW to be generated from gas and 1.5 GW to be generated from coal.
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The Mokoloki project is a first step on the broader pathway to utility innovation, for both IBEDC and the power sector in sub-Saharan Africa. The pilot tests the feasibility of undergrid minigrids to reduce utility losses and drive economic development in rural communities.
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