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Bank Boosts Funding for S. Africa’s Renewable Energy Project
Posted on 08. Nov, 2012 by Cara.
Standard Bank Group Ltd. (SBK), Africa’s largest lender, increased funding for wind energy and solar energy projects in South Africa and took equity stakes in four clean-power ventures as the country expands its renewable-energy industry. Standard Bank will underwrite 9.4 billion rand ($1.1 billion) of debt for 11 of the 28 projects approved by the government [...]
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SA’s geothermal potential being ignored
Posted on 08. Nov, 2012 by Cara.
The geothermal energy potential in South Africa has been overlooked says Graham Gavine‚ a geologist at HRP Geopower. “The current view of renewable energy in South Africa is skewed towards solar and wind energy. The potential for power generation using geothermal energy has been overlooked‚ despite the fact that South Africa has a need for a [...]
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Abengoa’s first solar energy tower outside Spain to be built in Upington
Posted on 07. Nov, 2012 by Cara.
Leading renewable-energy group Abengoa, of Spain, reports that it has started construction on two solar energy projects in South Africa, following the signing on Monday of agreements enabling independent power producers to proceed with the country’s first large-scale renewable-energy projects. Abengoa is developing the 50 MW Khi Solar One power-tower concentrating solar power (CSP) project, [...]
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SA’s Introduction of Renewable Energy Into The Country’s Energy Mix
Posted on 06. Nov, 2012 by Cara.
THE renewable energy independent power producer (IPP) procurement programme has become a feel-good story for South Africa. With the introduction of renewable energy into the country’s energy mix, Eskom has welcomed the signing of agreements between government and independent power producers, saying it will change the landscape of Energy Efficiency in South Africa. Managing Director of the [...]
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South Africa ready to sign deals with first renewables projects
Posted on 05. Nov, 2012 by Cara.
South Africa has finally given the green light to an initial $5.4bn worth of renewable energy projects that will allow it to procure 1.4GW of electricity and help reduce its reliance on coal-fired plants, says the country’s energy minister After months of delays, the Department of Energy says contracts will be signed on 5 and 6 November [...]
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South Africa Oil and Gas Report Q4 2012
Posted on 05. Nov, 2012 by Cara.
With only limited conventional domestic reserves available, South Africa has learned to make efficient use of its natural resources. Synthetic oil production adds nearly 200,000b/d to the country’s output, and this figure could exceed 250,000b/d by 2021. With an estimated 13.7tcm of shale gas resources in place, the country could also boost its gas and [...]
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$10m line of credit to help SMMEs invest in energy efficient projects
Posted on 02. Nov, 2012 by Cara.
By: Megan Wait The International Finance Corporation (IFC), the World Bank’s private-sector lending arm, is partnering with Sasfin Bank to develop a portfolio of energy efficiency and renewable-energy financial products for small, medium-sized and micro enterprises (SMMEs) in South Africa. The partnership would see the formation of a new advisory services agreement, which would support a [...]
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Company Announcement: Samsung South Africa takes the 49M Energy Efficiency Pledge
Posted on 14. Sep, 2012 by Cara.
Last week marked the official signing of the 49M pledge by Samsung South Africa, a pledge that commits the brand to energy efficiency through both its product line and internal environment – one that aligns the brand to a government endorsed initiative that aims to encourage a national culture of energy saving for asustainable future. [...]
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Gas could satisfy most of South Africa’s power needs
Posted on 11. Sep, 2012 by Cara.
Eskom’s recent application for price increases is a watershed – it marks the point at which South Africa’s electricity is no longer cheap. This is important because South Africa’s industrialisation was built on cheap and abundant electricity supplies, cheap and abundant coal reserves and the low cost of building coal-fired power stations back then. The [...]
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City of Cape Town to Save 22.7 Million kWh of Electricity Annually through Energy Efficiency
Posted on 04. Sep, 2012 by Cara.
The City of Cape Town, one of South Africa’s largest metropolitan municipalities, has been focusing on how it can save energy in its operations in order to reduce its environmental impact, improve resource efficiency, and avoid excessive electricity costs – especially in light of Eskom’s tariff increases and South Africa’s electricity supply shortages. According to the City, [...]
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