Over the next five years, the IEA forecasts that renewables will remain the fastest-growing source of electricity generation, with their share growing to 28% in 2021, from 23% in 2015. Renewables are also expected to cover more than 60% of the increase in world electricity generation over the medium term, rapidly closing the gap with coal. Generation from renewables is expected to exceed 7600 TWh by 2021, which is equivalent to the total current electricity generation of the US and the EU combined.
The opportunity for renewable project growth in both South Africa and the rest of the continent will be a focus area at the upcoming Africa Energy Indaba in February 2017. At this event, investors, renewables companies, utilities and African government representatives will come together to chart the way for a renewables sector in the region that continues to expand and attract investment.
South Africa’s Renewable Energy Independent Power Producer’s Procurement Programme (REIPPPP) has contributed to the global uptake of renewables in recent years, but with Eskom’s announcement that it won’t be putting out any more tenders for more renewables projects, it remains to be seen what direction the country’s renewable energy sector will take and whether it can seize the opportunity provided by an increase in the demand for renewables.
Contact Liz Hart, Tel 011 463-9184, firstname.lastname@example.org
Source: EE plublishers