Nedbank has increased its green finance pipeline to more than R10 billion as more South African businesses invest in private power generation after the government lifted restrictions to help resolve the country’s energy crisis. Moneyweb GreenEnergy
Nedbank has increased its green finance pipeline to more than R10 billion as more South African businesses invest in private power generation after the government lifted restrictions to help resolve the country’s energy crisis. Read all our Eskom coverage here.
The state also doubled renewable-energy procurement to 5 200 megawatts under a so-called bid window six to help accelerate the country’s transition from a dependence on coal for more than 80% of its power, toward greener energy sources. South Africa has been grappling with intermittent power cuts since 2008 as the state-owned electricity provider Eskom’s ageing and poorly maintained coal-fed plants can’t meet demand.
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