South Africa’s renewable energy programme should not be stalled

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South Africa’s successful REIPPP (Renewable Energy Independent Power Producers Procurement Programme) has stalled because of uncertainty; however, renewables are seen as having a critical role to play in advancing the transformation of the energy sector and social equity.

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South Africa’s successful REIPPP (Renewable Energy Independent Power Producers Procurement Programme) has stalled because of uncertainty; however, renewables are seen as having a critical role to play in advancing the transformation of the energy sector and social equity.

 

Renewables will also contribute towards creating green economy jobs, the diversification of the country’s energy mix and universal access to modern energy services. Upscaling renewable energy is a key strategy for South Africa in achieving its mitigation targets. However, the regulatory uncertainty has resulted in diminished investor confidence and in costs to the private sector that will not be recovered.

 

One way in which these negative effects could be counteracted and support provided to the Department of Energy in achieving its commitments and objectives is through Innovative Financing for Development (IFD)—a well-demonstrated revenue-raising mechanism. These mechanisms are capable of generating significant amounts of revenue which could be ploughed into the renewable energy programmes. South Africa has done exceedingly well in renewable energy so far and the REIPPP could benefit from the enormous boost Innovative Financing could bring. 

 

Read the original article.

 

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Innovative Financing for Development mechanisms can generate revenue which could be ploughed into the renewable energy programmes. 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South Africa’s successful REIPPP (Renewable Energy Independent Power Producers Procurement Programme) has stalled because of uncertainty; however, renewables are seen as having a critical role to play in advancing the transformation of the energy sector and social equity.

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South Africa’s successful REIPPP (Renewable Energy Independent Power Producers Procurement Programme) has stalled because of uncertainty; however, renewables are seen as having a critical role to play in advancing the transformation of the energy sector and social equity.

 

Renewables will also contribute towards creating green economy jobs, the diversification of the country’s energy mix and universal access to modern energy services. Upscaling renewable energy is a key strategy for South Africa in achieving its mitigation targets. However, the regulatory uncertainty has resulted in diminished investor confidence and in costs to the private sector that will not be recovered.

 

One way in which these negative effects could be counteracted and support provided to the Department of Energy in achieving its commitments and objectives is through Innovative Financing for Development (IFD)—a well-demonstrated revenue-raising mechanism. These mechanisms are capable of generating significant amounts of revenue which could be ploughed into the renewable energy programmes. South Africa has done exceedingly well in renewable energy so far and the REIPPP could benefit from the enormous boost Innovative Financing could bring. 

 

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South Africa’s successful REIPPP (Renewable Energy Independent Power Producers Procurement Programme) has stalled because of uncertainty; however, renewables are seen as having a critical role to play in advancing the transformation of the energy sector and social equity.

 

Renewables will also contribute towards creating green economy jobs, the diversification of the country’s energy mix and universal access to modern energy services. Upscaling renewable energy is a key strategy for South Africa in achieving its mitigation targets. However, the regulatory uncertainty has resulted in diminished investor confidence and in costs to the private sector that will not be recovered.

 

One way in which these negative effects could be counteracted and support provided to the Department of Energy in achieving its commitments and objectives is through Innovative Financing for Development (IFD)—a well-demonstrated revenue-raising mechanism. These mechanisms are capable of generating significant amounts of revenue which could be ploughed into the renewable energy programmes. South Africa has done exceedingly well in renewable energy so far and the REIPPP could benefit from the enormous boost Innovative Financing could bring. 

 

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