South Africa

Trade bodies the Africa Solar Industry Association and the African Hydrogen Partnership hosted a two-day virtual conference to discuss the role green hydrogen can play in economic growth across the continent–and how it could drive desalination in freshwater-starved coastal countries.

The tender is aimed at procuring 2 GW of capacity in response to the chronic short-term electricity supply gap that is affecting the country and its mining sector. The South African government has selected three LNG projects that may secure around 60% of the awarded capacity and several renewable energy projects including solar, wind and storage. The procurement exercise attracted a lowest bid of $ 0.0998/kWh.

The South African Department of Energy has launched yesterday the fifth round of the Renewable Energy Independent Power Producer Procurement Program (REIPPPP). It seeks to procure 1 GW of PV and 1.6 GW of wind power.

Roof-mounted solar, and even storage systems, provide cheaper power than mains electricity or diesel generation, prompting companies such as Total to install modules at forecourts across the continent.

An overview of the state of solar across the continent by trade body the Africa Solar Industry Association has highlighted a patchy policy landscape where clean power ambitions are often not followed through.

With Cape Town-based The Sun Exchange’s cell-level solar leasing model now reportedly serving 19,000 micro investors, linking finance directly to carbon emission tonnage is another route to bringing PV investment to fruition across the continent.

The renewables business formerly known as Scatec Solar has added a 2.5 GW hydropower portfolio in Asia and sub-Saharan Africa and also added its first wind farm while reporting a consolidated loss of almost $43 million for the year.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.

Spanish renewable energy company Abengoa will deploy a 3.5 MW solar micro-grid at a vanadium mining site operated by Bushveld Minerals in South Africa. The storage system will be provided by Austria-based storage specialist Enerox Holdings Limited.