The Development Bank of Southern Africa said it’s seeking to roll out a tendering model across the continent for the supply of power from renewable energy that’s attracted more than R200 billion in private investment into South Africa. The Independent Power Producers Office, established by the state bank in 2010, has held a series of auctions that led to the rapid roll out of wind and solar power plants in the coal-dependent nation, giving rise to the largest renewable energy industry in Africa.
We can take some of those learnings into the rest of Africa and see how we can set up similar structures,” Mpho Kubelo, the DBSA’s chief risk officer, said in an interview at the company’s offices near Johannesburg on Monday. “Conversations are still at very early stages. So as our guys go into the continent and do business development, they will sell the idea to a number of countries.
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