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Renewable Energy Projects Get the Green Light in South Africa

28 October 2012:

Alternative Energy Africa Online:

The South African Photovoltaic Industry Association (SAPVIA) welcomes the notification from the Department of Energy to renewable energy projects providing instructions as to the procedures leading up to financial close for the 18 solar PV projects awarded preferred bidder status in Round 1 of the REIPPP program.

The DOE’s notification clearly explains the procedure and timing for preferred bidders to execute all outstanding documentation with the Department of Energy, Eskom and their respective financing institutions. The signing will take place on the 5th November at the Department of Energy’s IPP office, in Centurion, Gauteng. The announcement follows approval from the Minister of Finance and the National Treasury to provide the guarantees behind the power purchase agreements to be signed by Eskom.

SAPVIA commends the Department and the South African government for providing the bidders with further clarity on the process and moving ahead with the key next steps in the renewable energy procurement program.

“This program forms part of government’s widely publicized R400bn infrastructure development plan and this announcement is a firm indication of South Africa’s intent to implement successful and large scale infrastructure projects,” explains SAPVIA spokesperson, Chris Haw. Read more…

 

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