In a media briefing prior to his Budget Speech, Finance Minister, Malusi Gigaba, confirmed that the nuclear deal is off the table for now because the country simply cannot afford it.READ MORE
21 February 2018
The South African Wind Energy Association (SAWEA) has issued a statement applauding the newly appointed President’s commitment to stabilising state owned enterprises and Minister Gigaba’s reiteration of these sentiments, in today’s Budget Speech.
“We applaud President Ramaphosa’s unequivocal commitment in the State of the Nation Address to intervene decisively to stabilise and revitalise state owned enterprises for the benefit of our country’s economic future,” said Brenda Martin, CEO of SAWEA.
The industry is similarly pleased that the Minister of Finance acknowledged the Minister of Public Enterprises instruction to Eskom to conclude all Power Purchase Agreements (PPA’s) with independent power producers
SAWEA has also confirmed support for President Ramaphosa’s emphasis on nation building, through restorative measures grounded in consultation, transparency and accountability.
“We support the call to place youth at the centre of the economy, to enable their inclusion in the economy and welcome the incentives that will be provided to businesses to contribute more, direct opportunities to young entrants to the Industry,” added Martin.
SAWEA appeals to President Ramaphosa and the Ministers of Finance, Energy and Public Enterprises to ensure the achievement of a firm date for duly procured Renewable Energy Power Purchase Agreement conclusion, by no later than March 31st, 2018, when key legal documents will expire.
The industry continues to anticipate Eskom’s co-operation on all related requirements for the conclusion of PPAs, which will allow the country’s renewables programme to get back on track.
Certainty is also required around the future scale of the South African renewables programme so that the full value chain benefits of clean power supply, investment growth, manufacturing sector recovery and development, further job creation and rural socio-economic benefits can be realised as soon as possible, in the South African economy.
Installations in the global wind energy market remained above 50 GW in 2017, with Europe, India and the offshore sector having had record years.
The Global Wind Energy Council (GWEC) on Wednesday released its 2017 market statistics, which highlighted a decrease to 19.5 GW for Chinese installations. The rest of the global market made up the balance of 30.5 GW.READ MORE
PE firm among those relieved by signing off on deals
The Eastern Cape’s renewable energy industry is poised to introduce hundreds of gigawatts into the national grid after the government gave the go-ahead for a raft of new renewable power projects around the country.
This follows more than a year of crippling uncertainty for the wind energy industry.
Isibabalo Business Services and Mpendulo Savings, an NPO based in Jeffreys Bay, are working together to increase the support to local entrepreneurs and small community start-ups, a collaboration to which Jeffreys Bay Wind Farm has pledged their support.
“This is a perfect alliance, as Mpendulo Savings focuses on strengthening the economic resilience of vulnerable families and marginalised community members through savings groups, whilst Isibabalo extends this service to provide business support services to local entrepreneurs,” said Hlengiwe Radebe, Economic Development Director of Jeffreys Bay Wind Farm.READ MORE