Norway’s Norfund and UK development finance institution CDC have teamed up to fund 2.4GW of renewable deployment in South Africa through a ZAR600 million (US$39 million) investment in renewables company H1 Capital.
South African mining company Tharisa has signed an agreement with renewables developer Total Eren and African energy company Chariot to build a 40MW solar PV project to power its mining operations as more of the country’s heavy industries turn to solar.
With the sixth auction round of South Africa’s REIPPP on the horizon and new opportunities for distributed PV opening up, Alice Grundy explores the remaining barriers to solar deployment in the country.
The South African mining industry is planning to build 3.9GW of renewable projects and storage that would see the sector make strides towards meeting its 2050 net zero target and relieve pressure on South African public utility Eskom, which has called on the industry to supplement its energy supply
South Africa’s latest renewables procurement window, the Renewable Energy IPP Procurement Programme (REIPPPP), has awarded solar independent power producers (IPPs) 1GW out of a total of 2.6GW of capacity