 | Rush for renewable energy
LYNLEY DONNELLY - Apr 20 2012 08:22
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Billions of rands of investment are flowing into South Africa as a result of the government's plans to move towards renewable energy. The rush is a boon to South Africa's nascent renewables market and major companies from across the globe are partnering in the first round of the independent power producer procurement programme for renewable energy.
But the test, according to experts, will be in how the market develops once projects begin delivering power in an environment in which complicated ownership structures are becoming a key feature of the companies emerging as the forerunners.
In December, the 28 preferred bidders in the state's independent power producer procurement programme were announced and the second round of bidding closed in March. The first 1 451 megawatts allocated out of a total 3 725MW were divided across wind, solar photovoltaic and concentrated solar power. By June 19 the first-round bidders will be expected to complete financial closure on their projects and begin construction (see "The Players").
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