SA is rated internationally as an attractive destination for investment in renewable energy, but the stand-off between Eskom and the government on the latest round of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) contracts is leading to a loss in confidence among international investors. This is according to a new report by Climate Transparency — an international consortium of researchers and civil society groups from 10 different countries including the University of Cape Town. SA’s renewable-energy programme ground to an abrupt halt in 2016 as Eskom refused to sign further power purchase agreements with independent power producers, whose bids were duly approved as part of REIPPPP. The South African Renewable Energy Council (Sarec) recently stated that large-scale deployment of renewable energy and gas was very likely to dislodge Eskom by 2050, which explained the power utility’s foot-dragging to sign the contracts and fully embrace renewable energ...
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