The panelists explored the arising opportunities for investors and project developers in wheeling and renewable energy projects, among others. Weak credit holding up the renewable energy sectorMontmasson-Clair said leveraging this market will require local industries to be more competitive. InsightAfrica’s energy opportunity means it can leap ahead of ‘old-think’Government lacks the balance sheet to grow renewable energy sectorFrank Spencer, Regional Director, Cainmani, SA, said the private sector has saved South Africa from worse bouts of loadshedding. And while there had been an increase in renewable energy projects, there has been unregulated practices, specifically in the residential market. Spencer said that in the next 20 years “we will have to build 20GW of renewable energy infrastructure” to ensure a stable electricity supply.

Source: The North Africa Journal February 27, 2024 12:46 UTC