R/€ = 13.17
R/$ = 12.12
Au 1180.14 $/oz
Pt 1124.50 $/oz
Feb 05, 2008
Canadian firm in talks with govt for land to build wave-power projectBack
© Reuse this Vancouver-based renewable energy company Finavera Renewables has identified two, yet undisclosed, sites in the Western Cape for a proposed 20-MW wave-power project, and is waiting for the South African government to provide terms under which it is prepared to lease the space.
“We’ve announced our intent to proceed with the environmental-assessment process, so in that sense we have secured up the sites,” Finavera policy and public relations vice president Myke Clark told Engineering News Online.
“Until we’ve been able to formally lease the sites, however, we’re a little reluctant to reveal where they are.”
The company is also in the process of assessing the permits required for the project with the relevant government agencies.
In the meantime, Finavera is conducting a final analysis to determine which of the two sites would be optimal for the project, which will have the potential to generate more than 30-million kWh of electricity a month and avoid about 4 000 t of CO2 emissions a year.
This includes micro-site assessment of the energy infrastructure, detailed wave resources and environmental characteristics of the South Africa locations.
The company is not sure how long it will take before a final site is selected. “Hopefully, before too long,” Clarke commented.
Finavera will deploy a monitoring buoy within the next few months, to get a “finer detail” of the wave regime.
The cost estimates to build the project are unchanged from the $40-million published in April last year.
Finavera, which also has wave projects, planned or under way, in the US and Canada, and wind-power intitiatives in Canada and Ireland, has committed to build the project in South Africa as part of CEO Jason Bak's membership of former US President Bill Clinton's Clinton Global Initiative.
The South African government, staring at an increasingly gloomy power supply-and-demand picture for the next several years, has said that it plans to increase the percentage of energy generated from renewable sources in the country, with a target of producing 10 000 GWh of energy from renewable energy sources by 2013.
About 90% of South Africa's power is generated by coal-fired plants, but there are several 'clean-energy' projects in the pipeline.
State power utility Eskom has already approved plans for a 100-MW wind power plant, construction of which could start in 2009, with operations possibly starting by the beginning of 2010, and is also considering building a 100-MW solar-energy project.
Edited by: Liezel Hill© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.