http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.11
R/$ = 11.08Change: 0.00
Au 1216.40 $/ozChange: -0.63
Pt 1339.00 $/ozChange: 4.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 05, 2007

South Africa gets set to subsidise renewable-energy schemes

Back
 
Johannesburg|Africa|CoAL|Global Environment Facility|PROJECT|Projects|Renewable Energy|Renewable-Energy|System|Africa|South Africa|Electricity|Energy|Energy Needs|Energy Policy|Energy Summit|Energy Technologies|Finance Office|Renewable Energy|Renewable-energy Projects|Renewable-energy Technologies|Wind Energy|South African Government|Buyelwa Sonjica|Power|BIOFUELS|Renewable Energy Technologies|Renewable-energy Technologies
|Africa|CoAL|PROJECT|Projects|Renewable Energy|Renewable-Energy|System|Africa||Energy|Wind Energy||Power|
johannesburg|africa-company|coal|global-environment-facility-company|project|projects|renewable-energy|renewable-energy-company|system|africa|south-africa|electricity|energy|energy-needs|energy-policy|energy-summit|energy-technologies|finance-office|renewable-energy-industry-term|renewableenergy-projects|renewableenergy-technologies|wind-energy|south-african-government|buyelwa-sonjica|power|biofuels|renewable-energy-technologies|renewableenergy-technologies-technology
© 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 News This Week News
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
More
 
 
Latest News
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...
 
 
 
 
 
 
 
 
 
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