News

IDC funding for green projects totals R14bn

Engineering News – ONLINE

11 August 2014

Since the inception of the New Growth Path in November 2010 – in which South Africa’s renewable energy ambitions are defined – development finance institution, the Industrial Development Corporation (IDC), has funded 54 green projects in the solar, wind, renewable energy and green technology sectors, committing some R14-billion to these emerging industries.

In a written response to a question by Democratic Alliance Member of Parliament Gordon Mackay last month, Economic Development Minister Ebrahim Patel outlined that 22 of these projects fell within the funding structure of government’s Renewable Energy Independent Power Producer Procurement Programme, receiving R13-billion, of which R4.2-billion had thus far been disbursed.  Read more…

 

Share This Post

Leave a Reply

Lost Password

Register