The release of South Africa’s draft Integrated Resource Plan (IRP) has sparked a dialogue around the potential impact on renewable energy investors in 2019.
According to the draft IRP, renewable energy will contribute 36% into the new energy mix, with 15% wind, 10% solar PV; 6% hydro; 4% pumped storage and 1% concentrated solar respectively. The plan includes a retention of annual build limits for RE projects (1 000 MW for solar PV and 1 600 MW for wind). The aim of this is the consistent and sustained rollout of Renewable Energy for the period up to 2030.
Following the much awaited signing of the 27 IPP energy projects under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in April 2018, some reservations have been expressed regarding the scale and pace of the following REIPPPP bid windows, there being no additional wind generation capacity provided for 2022-2024 in the draft IRP, as well as no new solar PV for 2023-2024. The new REIPPPP bid window is due to begin in November. The next bid is planned to procure 1,800 MW from IPPs and unlock up to 50 billion rand (US$3.91 billion) worth of investment.
Taking place from 11-12 December, EnergyWeek South Africa will gather influential energy decision-makers from across Southern Africa to take part in the International Gas Cooperation Summit, the Southern Africa Renewable Energy Forum and the Black Industrialists Energy Summit. The Southern Africa Renewable Energy Summit will showcase Southern Africa’s renewable energy potential, inviting public and private sector decision-makers to discuss viable project opportunities across the region.