Big-four bank Nedbank has a R24 billion kitty earmarked to finance renewable energy projects in South Africa.
The country is also looking to reduce its carbon emissions, and this has given rise to the adoption of green energy solutions, such as wind and solar. “In addition, we are financing private power generation now that the market has opened up. We are looking to participate further in the renewable energy rounds that are coming.”
“Load-shedding affects us all. We’ve had to put some mitigation measures in place, but this raises costs of diesel consumption when we have to run backup generators in order to support operations,” Nkuhlu continued.
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