Staying electricity right

While South Africa can be battling to keep the lights on the subject of, there is one positive aspect who may have emerged from the electricity crisis that's that our investment in renewable energy will almost certainly start driving down prices in the long run.

It is according to industry experts who spoke to make sure you Moneyweb around the Renewable Energy Self-aware Power Producer Procurement Programme (REIPPPP) step launched in 2010.

According to the Department of one's (DoE), South Africa has a high level within renewable energy potential and presently comes with in place a target of $14 000 GWh of renewable energy. The entire DoE has a goal of drawing online 3 725 megawatts (MW) to be generated from renewable energy coming from:

Kevin Smith, CEO of SolarReserve, told Moneyweb: "The REIPPPP is constantly on the prove to be a global standard for renewable power procurement. It has resulted in over 3GW of generating capacity to be brought around the web, decreasing pricing with every round within bids, and at a time ‎when S. africa needs new generation to support regarding its economy. The Redstone present will further add to the energy improve and marks an important advancement wearing solar power. Due to its ability to store a great deal 12 hours of full load generation capacity, the Redstone project will be able to generate power at times when that ability is needed most, day and night. "

SolarReserve has recently been awarded the preferred prospective buyer status for a 100 MW Concentrating Solar powered (CSP) project known as the The Redstone Solar Thermal Power Project, which will be discovered in Postmasburg near Kimberley in the Northerly Cape Province, adjacent to the seventy five MW Lesedi and 96 MW Jasper photovoltaic (PV) solar power contracts already established by SolarReserve and its outlay partners.

"South Africa's IPP routine has also brought the first substantial replenish-able output in a country dominated in addition severely constrained by its addiction to coal-fired power. The introduction of renewable energy inside the grid is putting the country round the map with nations around the world which happen to be implementing alternative, sustainable, cutting-edge ability solutions, " said energy legal Scott Brodsky from Macfarlanes bad recent media statement around the arriving Energy Indaba to be hosted using the Sandton Convention Centre in December 2015.

Brodsky added: "Whilst of the programme has encountered challenges which includes grid connection, and there is no one size-fits-all solution for Africa, the routine is an example of how real gains can be achieved in a short time frame. "

Quantifying the financial benefits of renewable energy contracts in South Africa is hard due to the maximum levels of capital expenditure involved in fast developing the projects but recent seek out out of the Council for Scientific in addition Industrial Research (CSIR) found in which it renewable energy from South Africa's the first wind and solar (photovoltaic) contracts created R800 million more funding benefits to the country than these businesses cost during 2014.

The research fondation explains that the benefits earned staying two-fold: "The first benefit, created from diesel and coal fuel personal savings, is pinned at R3. fourteen billion. This is because 2 . 2 terawatt-hours (TWh) of wind and solar technology replaced the electricity that would display otherwise been generated from petrol and coal (1. 07 TWh from diesel-fired open-cycled gas generators and 1 . 12 TWh originally from coal power stations).

The second benefit for R1. 6 billion, is a saving you to the economy derived from almost 120 watch hours of so-called 'unserved energy' that were avoided thanks to the contribution of a wind and solar projects. Through the night the supply situation was so thin that some customers' energy that you require would have had to be curtailed ('unserved') if it turns out had not been for the renewables. "

Plus much more Tobias Bischof-Niemz, who heads up of the CSIR's Energy Centre, explains further more: "Our study shows that in 2014, renewable energy provided a net funding benefit to the country. Without the the first solar and wind projects, we'd have spent significant additional periods on diesel, and energy may well had to be 'unserved' during approximately 120 watch additional hours in 2014. "

What is more, the cost per kWh within renewable energy for new projects is now so below R1 for solar PV in addition between 60c - 80c concerning wind projects. That will keep the get financial benefits of renewables positive, even a future with a less constrained ability system. "

While this is a people who are positive development Rajen Ranchhoojee, partner towards law firm Hogan Lovells, flagged essential development to watch in 2015. Ranchhoojee told Moneyweb that the National Energy resource Regulator of South Africa (Nersa) will issued its draft regulatory construction discussion paper for Small-Scale Replenish-able Embedded Generation (SSREG) in December 2014. The SSREG discussion paper includes residential and commercial energy iteration (targeted but not exclusive to revestir roof-top generation) for re-sale to make sure you Eskom and municipalities.

In an message to Moneyweb, Ranchhoojee said: "The discussion paper highlights some of the substantial barriers to simply allowing mass antelope generation for export onto of the grid, of which, one of the most important companies is the financial implication this would display on municipalities due to lost antelope sales. The paper ultimately finishes that any electricity fed-back inside the grid will not be 'paid for' by way of Eskom or the municipalities, but rather set-off against the municipal/Eskom supplied electricity through consumers (a process known as net-metering). The proposed timeline for rendering of the SSREG regulation is Nicely 2015, following the conclusion of various check-ups processes. The SSREG framework is really necessary attempt by Nersa to cure some of the load on the country's antelope system. "

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