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R100bn investment needed to meet SA’s renewable energy aspirations

Engineering News Online

27 July 2011:

Investors and stakeholders needed urgent clarification on the policy mechanism that South Africa would use to support renewable energy, with investment worth R100-billion needed over the next five years, a Renewable Energy Africa conference heard on Wednesday.

Industrial Development Corporation (IDC) green industries head Rentia van Tonder said that despite the recent legislative uncertainty, the IDC already had renewable energy projects to the value of R14-billion over the next five years in the pipeline.

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