Constrained South Africa Power Grid Curbs Green-Project Awards

Bloomberg12-23 17:23

(Bloomberg) -- South Africa awarded 1,760 megawatts of green-power projects to companies as part of a multi-year program to cut its reliance on coal for electricity, with limited access to the country...

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On Dec. 11, the government asked private investors for information on developing the grid to allow a transition to cleaner energy sources. The government will likely seek requests for proposals on transmission at the end of 2025, Ramokgopa said. Infinity Power Holding SA is the main developer on six of the projects in the seventh bid window of South Africa’s renewables plan, while Mulilo Renewable Project Developments and Scatec Solar Africa Pty Ltd. will do one each, he said. The projects range from 150 megawatts to 240 megawatts in size.South Africa is struggling to lessen its dependence on coal, which it uses to generate more than 80% of its electricity. The state-owned power utility that provides about 90% of the country’s power failed to properly maintain its plants or build new ones in time to avert almost-daily blackouts that plagued the continent’s most industrialized nation until March, when a new management team started at the company and is working to turn it around. The government had sought 3,200 megawatts of energy from wind but decided not to award any projects because the bids were too expensive, the minister said. The country also appointed eight preferred bidders to provide 615 megawatts of battery-storage energy at Eskom Holdings SOC Ltd. sites in the North West, Gauteng and Free State provinces. Mulilo is the main developer in five of the projects, while AMEA got two and EDF one, the minister said. These projects are for about 77 megawatts each. ©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493734451"}