Strong support for SA’s renewables model as first deals are concluded

Engineering News 5 November 2012.

There was an overwhelmingly positive reaction from developers, investors, financiers and suppliers on Monday, November 5, to the eventual signing of the agreements needed to facilitate the entry of the first large-scale renewable-energy projects into South Africa, some of which should begin producing during 2014.

By midday, the South African government, Eskom and the independent power producers (IPPs) began physically signing the power purchase, implementation and direct agreements for projects, collectively representing an investment value of around R47-billion and wind and solar capacity of around 1 415 MW…

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