Eskom has fallen short in adding renewable power to the grid, with only three projects closing and load shedding running rampant, says Busi Mavuso, the CEO of Business Leadership South Africa (BLSA).
Eskom has fallen short in adding renewable power to the grid, with only three projects in the Renewable Energy Independent Power Producer Programme reaching financial close, says Busi Mavuso, the CEO of Business Leadership South Africa .
The REIPPP sought to bring online independent renewable power producers that could assist in the country’s just transition away from coal as well as to assist the lack of power generation at the failing power utility.planned for a total of 25 wind and solar power projectsThe department had planned to reach financial close for Round 5 bidding within six months of announcing the winners on 29 October 2021 – but this has simply not materialised, Mavuso said.
“The so-called ‘risk mitigation’ round of IPP procurement has also disappointed, with only three of those reaching financial close over a year after bidders were announced,” she said. “We also need to recognise that there is a global rush on new energy projects. Project developers are spoiled for choice on where they choose to offer their services. There is a finite amount of engineering capacity and manufacturing capacity in the world, and this must be allocated to the many countries trying to procure new projects amid a global energy crisis.”
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