“The Renewable Energy Independent Power Producer Procurement Programme is outperforming almost all targets. It’s the gold standard for public-private partnerships and its success is something that should be celebrated by South Africans. Globally, it’s highly regarded,” said Ziyaad Sarang, head of fund initiatives at InvestecThe intermittent nature of wind and solar energy means that SA’s transition away from coal will involve greater use of cleaner fossil fuels such as natural gas.
Our government can revive the economy through infrastructure development. We have an amazing ten-year track record of doing it within REIPPP“Our government can revive the economy through infrastructure development. We have an amazing 10-year track record of doing it within REIPPP.
Battery costs are falling but, for the time being, remain prohibitively high in most commercial settings. Power to those who can deliver cost-effective storage solutions. Investments in alternatives such as large-scale pumped hydro systems hold out promise. Eskom and other stakeholders are also defining the frameworks to allow producers to “wheel” excess electricity they generate directly to other buyers through the grid.
“Eskom’s separation into transmission, distribution and generation companies, as well as the clarification of wheeling regulations, is congruent with a long-established international trend. This process should create a merchant market in SA within the next five to 10 years.
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