http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.11Change: 0.00
R/$ = 11.90Change: -0.02
Au 1205.90 $/ozChange: -0.17
Pt 1147.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 05, 2007

South Africa gets set to subsidise renewable-energy schemes

Back
 
 
 
 
 
 
Africa|CoAL|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|System|Africa|Energy|Wind Energy|Power
Africa|CoAL|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|System|Africa|Energy|Wind Energy|Power
africa-company|coal|environment|project|projects|renewable-energy|renewable-energy-company|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 in Johannesburg, at an energy summit, where industry stakeholders deliberated over possible changes to the country’s energy policy. 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, she said.

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

Sonjica said, however, that the State recognises that there were barriers to the introduction of more renewable energy in 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 the Global Environment Facility (GEF), an international organisation helping developing countries fund projects and programmes that protect the environment, to provide technical assistance to renewable-energy project developers, and to use investment from the private sector.

The GEF would assist the State in implementing 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 have started looking at the development of medium- to long-term financial mechanisms.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Video News
More
 
 
Latest News
South Africa’s crude steel production dropped by a sizeable 17.2% year-on-year to an estimated 530 000 t in April, amplifying a global trend that saw world steel production decline by a comparatively marginal 1.7% to 135-million tons in the fourth month of the year....
Strengthening its position in the European extrusion coatings market, international packaging and paper group Mondi has inked a deal with technical laminates and protective packaging company Walki Oy for the acquisition of two extrusion coatings plants in...
More
 
 
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
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
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
 
 
Close
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