Investments worth about R56bn were set flow into the energy sector over the next two to three years, after the finalisation of power-purchase agreements for 27 renewable energy independent power producer (IPP) projects, Energy Minister Jeff Radebe said on Thursday. The long-delayed signing off on the projects was scheduled for Tuesday, marking the government’s commitment to the renewable energy programme and to a solid partnership with the private sector. The signing would also bring policy and regulatory certainty for investors, said Radebe at a media briefing.. The average price agreed for electricity generated by the IPPs in bid window 4 is 86c per kilowatt-hour compared with the 77c which Eskom demanded. The 27 IPP projects will generate a total of 2,305MW. The first connections to the grid from the projects are likely to take place in 2020, according to the head of the IPP Office in the Department of Energy, Karen Breytenbach. South African Wind Energy Association CEO Brenda Ma...
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