SA Signs Renewable Energy Deals with IPP

The signing of PPAs for the 27 mostly solar and wind projects were held up for more than two years under ousted President Jacob Zuma, who favoured a plan to build additional nuclear power plants.

solar power plant

In the first major investment contract under President Cyril Ramaphosa, South Africa has signed the long-delayed renewable energy contracts worth about R55 billion with Independent Power Producers (IPP).

The signing of Power Purchase Agreements (PPAs) for the 27 mostly solar and wind projects were held up for more than two years under ousted President Jacob Zuma, who favoured a plan to build additional nuclear power plants.

It was also the subject of a last-minute legal challenge by labour union Numsa and Transform RSA lobby group, but a court rejected their application for an urgent interdict last week.

Eskom’s Khulu Phasiwe says the utility is introducing the new producers carefully. “The manner in which we bring on board this projects needs to be synchronised in a way that as you put them on, you also have to take into account the fact that Eskom has excess capacity. But I’m sure that matter will be clarified once the Departments of Energy and Public Enterprises and National Treasury have addressed this matter.”

Source: EWN

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Manu Tayal

Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

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