Leading PV industry association says 2GW of small-scale generation could be installed over a 12 month period as a much-needed supply source amidst national power crisis.
GCF backs US$537m scheme to lower credit barriers for solar (280MW) and wind (50MW) IPPs in African country, in year when Eskom’s woes have cast doubts over state-offtaker route.
The New Development Bank (NDB) and South African utility Eskom have signed off on a loan agreement for renewable energy Integration and a transmission augmentation project. As part of the deal, the NDB will provide a loan with sovereign guarantee to Eskom for a total of US$180 million.
Renegotiating renewable tariffs agreed in the early 2010s to help technically insolvent state utility Eskom could “dent investor confidence”, says SAPVIA.
South African utility Eskom and German Development Bank KfW have signed a US$100 million (~R1.35 billion) loan facility that will go towards improving the transmission network to support grid integration of renewable energy projects after 27 power purchase agreements (PPAs) were signed in April.
Eskom will sign the 27 outstanding power purchase agreements (PPAs) from South Africa’s fourth round tender next week, the country’s energy minister has confirmed.
Breaking up Eskom’s monopoly in South Africa’s power market is not the answer to signing the outstanding PPAs under the country’s renewable energy procurement programme, a representative from the Department of Energy (DOE) has said.