South Africa: All systems go for first R47bn in renewables investments
29 October 2012
Creamer Media's Engineering News - Following several delays, government confirmed on Monday that the framework is now in place for the first 28 wind and solar projects, identified as preferred bidders under South Africa’s Renewable Energy Independent Power Producer Programme (REIPPP) in December 2011, to move to financial closure.
Energy Minister Dipuo Peters apologised for the delays, but said that preferred bidders should be prepared to begin signing the final agreements from November 5.
The signing of the power purchase, implementation and financial agreements would open the way for the construction of projects representing a collective investment value of around R47-billion and a collective renewables capacity of 1 415 MW.