New bidding round opens for renewable energy projects | Fin24

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Government plans to procure 2 600 MW of renewable energy in the latest bidding round launched on Wednesday. | Fin24

The tender process for Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme kicks off nearly six months after the preferred bidders ofMineral Resources and Energy Minister Gwede MantasheBid Window 6 is expected to procure as much as 1 600 MW of power from wind, and the remaining 1 000 MW is to be sourced from solar PV - in line with the Integrated Resources Plan - which sets out the country's energy mix.

SAWEA welcomed the announcement, saying it signals the"rebirth" of the wind energy industry, which had been on"hiatus" for the past seven years, according to a statement. The latest policy shifts indicates government's plans to procure a new generation on an ongoing basis. Consistent procurement and supporting regulations can help boost local manufacturing capacity, SAWEA said.

"Furthermore, renewable technologies present potential for the creation of new industries, job creation and localisation across the value chain," Govender added.Challenges such as energy access, energy security and climate change can be addressed with renewable energy, Govender said. The latest climate change mitigation report by the Intergovernmental Panel on Climate Change highlights the need to phase out fossil fuels, in order to limit global warming. It also indicates that the cost of renewable energy like wind and solar has declined significantly in the past decade, while their uptake has increased.In times of uncertainty you need journalism you can trust.

 

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