Eskom

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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 →
IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

The Asian seaborne thermal coal pool is drying out

Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]

November 6, 2020 Read More →

Enel begins commercial operation at 140MW wind farm in South Africa

Afrik21: Enel Green Power is now injecting 140 MW into the power grid of the South African public company Eskom thanks to its new wind farm. The facility in Nxuba (Eastern Cape Province) was recently commissioned by the renewable energy subsidiary of the Italian Enel Group. On October 27th, 2020, Enel Green Power inaugurated the […]

November 4, 2020 Read More →

IEEFA op-ed: Major solar proposal can diversify economy and reduce power cost for Botswana

5 gigawatt plan could reverse the flow of power in southern Africa

A proposed 5 gigawatt (GW) solar power program to be developed jointly by Botswana and Namibia would become a landmark power deal in Africa and help diversify their economies. Both nations currently import expensive power from South Africa, but full implementation of the proposal would make Botswana and Namibia new energy leaders in Africa. Ambitious […]

September 28, 2020 Read More →

South Africa moves forward with plan to build 6,800MW of new renewable energy capacity

Renewables Now: The South African government will organise a procurement programme for 11,813 MW of new power infrastructure, including 6,800 MW set aside for renewable energy. The Department of Mineral Resources and Energy said that the National Energy Regulator of South Africa (NERSA) has concurred with its ministerial determination issued in February 2020 to procure […]

September 16, 2020 Read More →