Bold leadership on renewables sends strong message to investors



 

The announcement that Eskom will sign the outstanding power purchase agreements (PPAs) in the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP) sends a strong message to investors that the renewable energy industry is very much open for business.

Mike Levington, SAPVIA

We now hope that Eskom heeds the president’s commitment to finalise these agreements and that Tina Joemat-Pettersson, the minister of energy, moves ahead with the announcement of the expedited round.

It is reassuring to know that government remains committed to working together with the private sector to attract investment and drive much-needed job creation in the renewable energy sector. This industry has a strong track record when it comes to delivering on government’s key objectives of economic growth and social development and it looks forward to building on the successes it has already had in rounds 1, 2, and 3 of the REIPPPP.

SAPVIA has been working together with partner associations in the South African Renewable Energy Council (SAREC) to build long-term partnerships with government and related stakeholders who benefit from the growth in renewable energy in South Africa. The first three rounds of the REIPPPP indicates that this collaboration between business and government provides a very successful foundation for sustainable and genuinely transformative enterprises and the industry looks forward to kicking on with the programme.

The association, together with the 170 players in this industry, appreciates the hard work that the minister of energy has done behind the scenes to assist in unblocking the obstacles to the finalisation of the financial close of the fourth procurement round. The association is looking forward to the announcement of the preferred bidders in the expedited round of the programme.

As a result of their efforts, many new construction jobs will be created, many current jobs will be secured, foreign and local investment will flow into the sector and the economy. Local ownership in the 37 projects as well as projects in the small IPP programme will be secured, particularly by black owned enterprises, and significant socio-economic benefits will flow to local communities over the 20 year lifespan of the projects.

Contact Kim Thomas, SAPVIA, Tel 021 200-5856, kim@sapvia.co.za

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Source: EE plublishers

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