Eskom

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Biggest South Africa cement maker plans net-zero by 2050

Bloomberg ($): PPC Ltd., the biggest South African cement maker, has set a target of attaining net zero emissions by 2050. The company aims to cut emissions by 10% by 2025 and 27% by 2030, it said in its inaugural climate change report on Monday. PPC produces a total of 11.6 million tons of cement […]

December 1, 2021 Read More →

African Development Bank to help fund battery storage project in South Africa

Energy Storage News: A US$57.67 million loan towards the development cost of large-scale battery energy storage system (BESS) projects will be made to South Africa’s public electricity utility Eskom by the African Development Bank. The bank’s board of directors said last week that the loan has been approved, assisting the development of 200MW of four-hour […]

November 8, 2021 Read More →

Wealthy nations to provide $8.5 billion for South Africa carbon targets

PV Magazine: South Africa‘s president, Cyril Ramaphosa, announced today that France, Germany, the United Kingdom and the United State will provide $8.5 billion in funds to help the country achieve the new carbon emission targets that were presented in the Nationally Determined Contribution (NDC) brought to the COP26 conference in Glasgow, UK. “The highly concessional […]

November 3, 2021 Read More →

Eskom signs deal with Exxaro and Seriti to add solar to mines

PV-Tech: South African public utility Eskom has signed a Memorandum of Understanding (MOU) with mining companies Exxaro and Seriti Resources to help decarbonise their operations by deploying solar PV. Announced today (25 October), the first phase of the agreement will see the construction of off-grid and wheeled solar solutions both at the mines and at […]

October 25, 2021 Read More →

South Africa’s FirstRand bank to end financing for new coal-fired power plants

Bloomberg Green: FirstRand Ltd., Africa’s biggest bank by market value, is ending its funding of new coal-fired power stations immediately and will halt the financing of new projects to mine the fuel over the next five years. The Johannesburg-based lender joins its peer Nedbank Group Ltd. in making such commitments as pressure mounts on banks […]

September 15, 2021 Read More →

Eskom considering $7.2 billion for wind and solar by 2030

Bloomberg ($): Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030. The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition […]

August 31, 2021 Read More →

Eskom plans 30% reduction of coal-fired power generation capacity

Afrik21: In South Africa, Eskom has announced the closure of several of its coal-fired power stations in the coming months and years. The state-owned company wants to rely on the renewable energies that have been massively produced in the country in recent years. Eskom is not definitively turning its back on fossil fuels. But the […]

August 20, 2021 Read More →

South Africa raises solar licensing threshold to 100-MW projects

PV Magazine: South Africa‘s government has officially raised the licensing threshold for embedded generation projects from 1 MW to 100 MW. The new measure – schedule 2 of the Electricity Regulation Act [ERA] – was published in the country’s official journal on Friday. “The amendment follows President [Cyril] Ramaphosa’s announcement on June 10, 2021, that […]

August 17, 2021 Read More →

Africa’s largest emissions source seeks $10B for decarbonization plan

Reuters: South African state power utility Eskom, Africa’s biggest greenhouse gas emitter, is pitching a $10 billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy. Discussions have already started with development finance institutions like the World Bank and the African Development […]

July 1, 2021 Read More →

South Africa seeking 1GW of solar in latest renewable energy solicitation

PV Tech: The South African government has launched its latest renewables procurement round under its Renewable Energy IPP Procurement Programme (REIPPPP), which is to procure 1GW of solar PV. Launched today (19 March 2021), the tender represents Bid Window 5 of the country’s REIPPPP, which will allow bids to be submitted by 4 August 2021. […]

March 22, 2021 Read More →