Hulisani, the black-owned energy investment company, has made its third acquisition in three months by injecting R82.5m into wind tower manufacturer GRI Wind Steel SA. The move appears surprising because SA’s renewable energy sector has stalled on Eskom’s refusal to sign offtake agreements with successful bidders in the latest round of projects, citing affordability. Eskom has told Parliament that several conditions need to be met before it signs agreements, including completion of the Integrated Resource Plan. Its refusal has jeopardised the future of manufacturers of wind towers and solar photovoltaic panels who invested in SA on the basis of the government’s commitment to renewable energy. Two months ago, DCD Group sold its share in the R536m DCD Wind Towers joint venture plant in Coega for R1. Hulisani CEO Marubini Raphulu said while DRD Wind Towers focused on the South African market, GRI Wind Steel SA was part of a corporation that sourced wind towers for customers from 13 fac...

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