Eskom announced new regulations for independent power producers this week.
New rules for connecting large-scale private power to the grid threaten to scare off investors, a major representative in the industry has warned.the Sunday newspaper Rapport the rules significantly increase the initial investment cost of private power projects.Paradoxically, this came at the request of another IPP representative — the South African Wind Energy Association — and other industry stakeholders — after problems arose with connecting new projects to the grid.
The result is that investors will have to spend even more money in the early stages of the project to try and ensure it gets out of the gates.Saippa chairman Brian Day told Rapport that it currently costs up to R30 million to bring an IPP project to financial close. Sawea has taken particular issue with the two-year data requirement for wind farms — arguing it was unnecessary and unreasonable and would lead to delays in plant rollouts.
These provinces have an abundance of solar and wind power throughout much of the year, making them very attractive to investors.
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