Africa Energy – Issue 2940
04 December 2014
An industry body has called for a fundamental rethink of renewable energy procurement as third- and fourthround REIPPP bidders face new delays, writes Dan Marks.
The announcement of preferred bidders in the fourth round of South Africa’s multi-billion dollar renewable energy independent power producer procurement (REIPPP) programme has been put back after third-round preferred bidders suffered further delays reaching financial close. The announcement had been scheduled for 24 November. The 17 REIPPP3 preferred bidders were announced on 29 October 2013, and the signing of key agreements was originally scheduled for 30 July. However, margins squeezed to lower tariffs have left the projects vulnerable to shocks, and several have struggled with problems connecting their projects to the grid (AE 265/21). Click here to read full article.