South Africa proposes voluntary reduction of tariffs awarded in first three REIPPPP rounds
Power purchase agreements may be voluntarily renegotiated by extending the 20-year deals or enabling independent power producers to add more efficient PV components, thus increasing plant generation capacity.
‘PPA deals signed under the opening three rounds of the REIPPPP must be renegotiated’
A representative of South Africa’s energy regulator said deals signed between 2011 and 2013 must be subject to lower tariffs to ease the financial crisis at national utility Eskom. The suggestion failed to convince delegates at an Africa Energy Forum panel discussion in Lisbon, however.
A specter is haunting South Africa, renegotiation of PPAs signed between 2011 and 2012
As national utility Eskom faces a financial and operational crisis, rumors are spreading that the government may ask independent power producers to renegotiate the tariffs of PPAs awarded in the first two rounds of its renewable energy program. South African solar association SAPVIA has already given short shrift to the idea.
South African renewables may be boosted by plan to privatize utility
President Cyril Ramaphosa has announced a plan to rescue state-owned power company Eskom by separating it into three units. According to consultants Frost & Sullivan, although that may not be enough to completely address the utility’s financial crisis it may further encourage investment in renewables.
Canadian Solar, ET Energy to build 132 MW of solar in South Africa
Canadian Solar Inc. and ET Energy will deliver EPC services to two large-scale solar PV projects totaling 132 MWp for South Africa’s BioTherm Energy.
Germany’s KfW finances South Africa’s grid enhancement with $100 million
The improvement to the country’s power infrastructure is planned to enable the integration of renewable energy IPP projects under the recently-signed PPAs, as part of the REIPPPP program.
South Africa to launch new 1.8 GW REIPPP round this year
After signing the 27 outstanding renewable PPAs assigned in previous rounds in April, the South African government believes the new procurement round may raise investment of more than $3.1 billion.
South Africa finally signs 27 outstanding renewable PPAs
South Africa’s utility-scale solar industry is finally back on track following the signing of 27 renewable energy power purchase agreements (PPAs).
South Africa: Date set for PPA signing, economic benefits highlighted
The South African Government has set a date of March 13 for the signing of 27 outstanding PPAs for solar and wind. It emphasized the economic benefits of the contracts, which are set to spur new energy investment of around US$4.7 billion and over 60,000 jobs.
South Africa: All oustanding solar PPAs can find a workable solution
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.
