http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.77Change: -0.07
R/$ = 11.06Change: -0.11
Au 1167.10 $/ozChange: -24.80
Pt 1202.00 $/ozChange: -17.50
 
 
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 Renewable Energy News
POWER EQUIPMENT The SPX bolting system ensures accurate torque and tension levels on every bolt
Precision and hydraulic special service equipment manufacturer Power Team says its SPX bolting system, which it supplies to contracting companies in the South African wind energy sector, enables these companies to significantly increase windmill erection speed,...
ON THE MOVE The towers for the turbines necessitate their transportation in three or four segments
International heavy-lift and plant relocation specialist engineering firm Vanguard provided the transportation and erection services for nine 3 MW Sinovel wind turbines for the Van Stadens wind farm project, in the Eastern Cape, says Vanguard MD Bryan Hodgkinson. The...
PRODUCTION CAPACITY The new wind-turbine tower production factory is capable of producing 150 wind towers a year
Renewable energy industrial and logistics processes company GRI Renewable Industries in November opened a new R300-million wind-turbine tower production factory in Atlantis, Cape Town. “With South Africa currently in the grip of debilitating rolling black-outs and...
More
 
 
Latest News
Updated 4 hours ago South Africa’s National Treasury on Friday reissued its amended request for proposal (RFP) for the five-year multibillion-rand project to replace the legacy systems currently in use with an enterprise resource planning (ERP) solution for an integrated financial...
Systems Automation and Management Durban manager Weyers van der Merwe, Richards Bay dry bulk terminal manager Mandla Mpungose and Umfolozi TVET college principal Sam Zungu.
Updated 4 hours ago The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Updated 5 hours ago Through hosting the WorldSkills 2014 competition’s mechatronic pre-national finals, industrial control and automation company Festo would promote and support skills development. Festo said the mechatronic competition would give schoolchildren, trainees and students...
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
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
  Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years.  The buildings will be the same and most of the staff will be the same but as the...
 
 
 
 
 
 
 
 
 
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