http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.83Change: -0.12
R/$ = 11.04Change: -0.17
Au 1172.85 $/ozChange: 3.68
Pt 1231.00 $/ozChange: -0.50
 
 
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|Environment|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|Environment|PROJECT|Projects|Renewable Energy|Renewable-Energy|System|Africa||Energy|Wind Energy||Power|
johannesburg|africa-company|coal|environment|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 Electricity News
Rosatom VP: sub-Saharan Africa Viktor Polikarpov
Russian nuclear energy group Rosatom confirmed on Friday that it had canvassed funding options with South African government officials during a recent “nuclear vendor parade workshop” held in the Drakensberg on October 23. The company said the options discussed were...
Energy utility Eskom and the South African Local Government Association (Salga) have signed a memorandum of understanding (MoU) aimed at fostering an active partnership to ensure a cooperative and collaborative working relationship. The MoU, which was signed by Salga...
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
More
 
 
Latest News
The retail price of 95-grade petrol in South Africa will drop by 45 cents or 3.3 percent a liter from next Wednesday, while wholesale diesel will decrease by 4.9 percent, the government said on Friday. Petrol will cost 13.16 rand ($1.20) a liter while the wholesale...
Special purpose vehicle GreenCape will, by the end of 2014, make an application to the Department of Trade and Industry (DTI), the Western Cape provincial government and the City of Cape Town to declare Atlantis, on the Western seaboard, a special economic zone...
The German government has committed a further R70-million towards the second phase of the Non-Motorised Transport (NMT) programme. The NMT programme forms part of the Department of Environmental Affairs’ 2010 FIFA World Cup National Greening Legacy Programme.
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
 
 
 
 
 
This Week's Magazine
In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...
 
 
 
 
 
 
 
 
 
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