The National Energy Regulator of South Africa (NERSA) has launched an investigation into Eskom’s ongoing refusal to sign outstanding PPA contracts under the country’s renewable energy procurement programme (REIPPPP).
South African utility has failed to meet the deadline imposed by the country’s previous minister of energy for the financial close of outstanding PPAs under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Hoda Atia Moustafa, Africa regional officer of the Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, caught up with PV Tech to discuss the challenges of investing in PV in Africa.
Nigeria is one of the most economically sound countries on the continent. Trailblazing in many ways including finance, infrastructure and employment, the country has up until very recently been a laggard when it comes to renewable energy. However, a newly-installed government is ensuring priorities are changing and frameworks are being put in place to exploit Nigeria’s clean energy prowess and close the gap between supply and demand. Segun Adaju, president of the Renewable Energy Association of Nigeria, discussed with PV Tech how the country is getting to grips with clean energy.
South African utility Eskom is defying the injunction of president Jacob Zuma by attempting to negotiate tariffs with preferred bidders as opposed to signing existing PPAs outright, according to the South African Renewable Energy Council (SAREC).
Eskom is conditionally committing to follow through with South African president Jacob Zuma’s announcement that the utility will indeed sign the remaining PPAs under the government’s renewable procurement programme (REIPPPP).
Jacob Zuma, the South African president, announced on Thursday that the country’s biggest utility Eskom will indeed sign the outstanding PPAs won in the fourth round of the successful Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Investors from Solarcentury and Actis imparted wisdom on how to manage the risks and reap the benefits of African PV at Solar Media’s Solar Finance & Investment Europe event.
Hawaiian Electric Companies (HECO) and Texas’ NRG Energy have signed new PPAs to bring online over 100MW of new solar in Oahu, with three utility-scale PV projects.
