The U.S.-based off-grid specialist will use these financial resources to expand its business in Asia and Africa.
According to a new study conducted by the Frankfurt Institute for Advanced Studies at the Goethe-University Frankfurt, a mix of solar and wind may be over 10% cheaper than power generation from new coal and nuclear plants in South Africa, even if the cost of renewables and batteries will see no further reduction from today until 2050.
The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.
Under the new rules, unlicensed PV installations not exceeding 1 MW may provide with power a final client or be used for self-consumption.
Dr. Sam Duby, Africa Director for TFE Consulting, sat down with PV Magazine to discuss insights from TFE’s new report “Kenya: The World’s Microgrid Lab”, the importance of on-the-ground experience in energy access projects, and how tech and social innovation in Africa will be the headline of the next decade.
South African consultant and PV expert Chris Ahlfeldt has explained to pv magazine how the impasse of the outstanding PPAs of round 3.5 and 4 of the country’s REIPPPP program may affect solar PV less than other renewable energy technologies. The PPAs relate to twelve large-scale solar projects totaling 813 MW selected in round 4.
The PPAs are related to 37 utility-scale projects selected in Rounds 3.5 and 4 of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
The country’s Ministry of Environmental Affairs has simplified the environmental impact assessment process for large-scale solar and wind power projects in South Africa’s eight Renewable Energy Development Zones.
The signing of the PPAs was expected to enable financial closure of several PV and wind power projects being developed under South Africa’s REIPPPP program.
As market participants in South Africa wait for the final results of the country’s fourth round of the successful REIPPP tender program for large-scale solar PV to be announced in early April, this week’s Solar Show Africa, part of the 20th Power & Electricity World Africa 2017 in Johannesburg, showed a growing diversification of solar PV in this leading African market.
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