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South Africa approves first 100MW solar project under new regulation
AFRICA

South Africa’s energy regulator just approved the first two private 100 MW generation projects – EQ Mag Pro

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The National Electricity Regulator of South Africa (NERSA) has approved the first private projects to be regulated under new amendments to how projects apply for a generation licence if under 100MW in size. President Cyril Ramaphosa in August 2021 made a landmark regulatory change to amend Schedule 2 of the Electricity Regulation Act to extend […]
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Seifsa, Eskom discuss private generation as key to solving South Africa’s power challenges
AFRICA

Seifsa, Eskom discuss private generation as key to solving South Africa’s power challenges – EQ Mag Pro

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Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) this week held a meeting with State-owned power utility Eskom, during which greater private sector investment in electricity generation capacity was identified as a key enabler to resolving the electricity supply challenge facing the country. Eskom does not see its future role as […]
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South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down
AFRICA

South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down – EQ Mag Pro

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Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger andCoordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone concentrated solar power (CSP) project has […]
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