http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.49Change: -0.02
R/$ = 11.88Change: 0.20
Au 1214.08 $/ozChange: 19.92
Pt 1149.50 $/ozChange: 15.00
 
 
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  
 
 
Jul 27, 2012

Standard Bank registers solar water heater CDM programme

Back
Johannesburg|Africa|Lighting|PROJECT|Projects|Standard Bank|Sustainable|Systems|Training|Water|Africa|South Africa|Bank|Energy|Hot Water Services|Service|Services|Systems|Dipuo Peters|Geoff Sinclair|Karin Ireton|Water|Sassa
|Africa|Lighting|PROJECT|Projects|Sustainable|Systems|Training|Water|Africa||Energy|Service|Services|Systems|Water|
johannesburg|africa-company|lighting|project|projects|standard-bank|sustainable|systems-company|training|water-company|africa|south-africa|bank|energy|hot-water-services|service|services|systems|dipuo-peters|geoff-sinclair|karin-ireton|water|sassa-product
© Reuse this



Banking firm Standard Bank reported on Friday that the company has registered a programme of activities (PoA) with the Clean Development Mechanism (CDM) executive board of the United Nations Framework Convention on Climate Change (UNFCCC) that would facilitate the supply, installation and financing of solar water heaters (SWH) in South Africa.

The PoA is aimed at providing hot water services for low-income households.

Installers of these heaters can now register projects of 1 000 heaters or more with the Standard Bank low-pressure SWH programme, earning euros from the carbon credits generated by their projects and sold on their behalf by Standard Bank’s carbon trading division.

Standard Bank carbon trading division head Geoff Sinclair said that the process of registering for a CDM programme was onerous and that the selling of credits required specialist knowledge. “The programme relieves small to medium enterprise SWH installers of such problems, while giving access to additional revenue streams at the nominal cost we charge to do the administration of registering for our programme.”

Sinclair also alluded to the bank’s up-and-running programme with Solar Academy of Sub Saharan Africa (Sassa). “To date, we have installed roughly 80 000 low-pressure solar water heaters, and we are now planning on installing the next 110 000 units,” he said.

While the programme with Sassa was restricted to one particular SHW, the UN approval meant that Standard Bank could install a whole range of SWHs.

“The programme also gives a sizable boost to the government’s target of rolling out one-million solar water heaters by 2014. As it provides training for technicians to install and maintain solar systems, it would lead to skills development and to employment opportunities in the solar sector. The provision of hot water to residents would help improve municipal and local government service delivery,” the bank said in a statement.

Energy Minister Dipuo Peters recently said that the Department of Energy had installed over 281 000 SWH by the end of March, exceeding its target of 250 041 installations in the 2011/12 financial year.

Speaking at a media briefing in Johannesburg, Standard Bank group sustainability management director Karin Ireton said that the country needed to move to a greener, more sustainable path when it came to economic development.

Further, the banking group believes its programme would help reduce pressure on demand and instances of load shedding. As part of its commitment to encouraging sustainable energy use in South Africa, it is also registering with the UNFCCC’s corporate energy efficient lighting, open access carbon project, which would enable corporates to reduce their electricity bills by up to 25% and earn carbon-credit revenues by retrofitting their properties with technologically advanced and energy efficient light bulbs.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Power utility Eskom said it would extend power cuts to 2 000 MW of electricity from 12:00 to 22:00 on Friday due to a shortage of generating capacity. The cash-strapped State utility, which has been forced to reduce electricity supply in Africa's most advanced...
Article contains comments
The changing role of the African electricity consumer is held up in a new Deloitte report as a potentially “disruptive” trend for the sub-Saharan African power industry. Africa infrastructure and power leader Shamal Sivasanker argues that consistent growth in region...
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....
The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan...
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