After a brief delay, South African energy minister Jeff Radebe concluded the signing of 27 projects procured under the Renewable Energy Independent Power Producer Procurement Programme Bid Windows 3.5 and 4. “We have reached this milestone following a long period of uncertainty, not only for the renewable energy industry, but also for private sector investment in the energy sector as a whole. LocalisationRadebe noted that through this procurement of the 27 projects, 58,000 new jobs will be created for South African citizens, and mostly for the youth. Our estimate is that for the solar PV projects, around 2.8 million solar PV modules would be procured, 600 inverters and 385 transformers. “Concrete steps will be taken during the consideration by Nersa of Eskom’s new MYPD 4 tariff application, which will include further allowances for the additional cost that will arise out of the Renewable Energy IPPs that are being signed today.”Read Jeff Radebe’s full speech here.

Source: The North Africa Journal April 04, 2018 14:26 UTC