The Energy Blog
29 January 2015
The South African Renewable Energy Council welcomes the conclusions of a recent CSIR report showing that the net cost of South Africa’s renewable energy in 2014 was less than zero and reiterates that the industry is willing, ready and able to do much more to ease the country’s electricity shortage, now predicted to lead to load shedding for the next 3 – 5 years.
The CSIR report “Financial benefits of renewables in South Africa in 2014”, released on 21 January 2015, demonstrates that the 1,600 MW of renewable energy installed by December 2014 has saved the country ZAR 5.3 billion in diesel, coal and avoided load shedding while costing the country only ZAR 4.5 billion in tariffs. Read more…