R/€ = 15.11Change: 0.14
R/$ = 13.45Change: 0.10
Au 1149.14 $/ozChange: 2.69
Pt 940.50 $/ozChange: 6.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Sep 25, 2007

SA plans to subsidise renewable energy schemes

Africa|CoAL|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|System|Africa|Energy|Wind Energy|Power
Africa|CoAL|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|Solar|System|Africa|Energy|Wind Energy|Power
© Reuse this The South African government has set up a subsidy and finance office to guide funding for renewable energy technologies, Minerals and Energy Minister Buyelwa Sonjica said on Tuesday.

Speaking at an energy summit, where industry stakeholders are deliberating possible changes to the country’s energy policy, in Johannesburg, she said that South Africa would also establish a new certification system to support the development of renewable energy projects.

The Tradable Renewable Energy Certification System would provide an additional revenue stream for the development of the projects, and would be operational by early next year.

Renewable energy technologies, such as solar power, wind power, hydroelectricity, biomass and biofuels, were set to play a key role in South Africa’s energy needs, which were currently being met by electricity generated by coal. But, the technologies were often criticised for being too costly, when compared with technologies, such as coal-fired power, and “unreliable and unsightly”.

Sonjica said, however, that the State was recognising that there were barriers to the introduction of more renewable energy in the South African industry, and cited high capital costs.

“Overcoming the initial high capital costs and increasing the commercialisation of renewable energy technologies in a market driven by [an] energy economy, will guide funding for renewable energy technologies.”

She said that South Africa had also partnered with Global Environment Facility (GEF), an international organisation helping developing countries to fund projects and programmes that protect the environment, to provide technical assistance to renewable energy project developers, and to leverage investment from the private sector.

GEF would assist the State to implement a South African wind energy programme, and renewable energy market transformation projects.

The country had, thus far, managed to kick-start the interest from investors and independent power producers to start developing local renewable energy projects, but medium- to long-term financial mechanisms would now have to be developed, Sonjica stated.

The Department of Minerals and Energy and the National Energy Regulator of South Africa had started looking at the development of medium- to long-term financial mechanisms.
Edited by: Liezel Hill
© Reuse this Comment Guidelines (150 word limit)
Other Renewable Energy News
Article contains comments
The Worldwide Fund for Nature (WWF) has called on governments to introduce legislation that puts a stop to the construction of new coal plants, stating that coal consumption needed to be phased out completely by 2050, or earlier. The international nongovernmental...
Greenpeace International executive director Kumi Naidoo has called for governments and the private sector to move towards 100% renewable energy by 2050.   “With real political will, we can get there,” he told the South African International Renewable Energy...
Article contains comments
Energy Minister Tina Joemat-Pettersson
The South African Department of Energy (DoE) plans to extend its renewable-energy programme to the rest of Africa over the next five years. Energy Minister Tina Joemat-Pettersson told the South African International Renewable Energy Conference (Sairec) in Cape Town...
Article contains comments
Article contains comments
Latest News
Updated 2 minutes ago Allied Electronics (Altron) has dipped into the red in the six months ended August 31, as the JSE-listed firm continued to experience “adverse” challenges weighing on its Powertech Transformers, Altech Multimedia, Altech Autopage and Altech Node business units. The...
Updated 33 minutes ago Global brewer Anheuser-Busch InBev (AB InBev) has announced a revised merger offer to British–South African multinational brewing and beverage company SABMiller in its bid to combine the two firms and form a global beer conglomerate with yearly revenues of...
Updated 50 minutes ago US private equity firm KKR & Co LP is considering investing around $100-million in Africa within a year, a senior executive said on Tuesday. KKR is looking at the agriculture and food business, the energy industry and infrastructure projects, Dominique Lafont, a...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
Sphere Holdings CEO Itumeleng Kgaboesele
Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy to become a leading black industrial enterprise, which could ultimately seek a listing on the JSE.
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme.   LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96