Eskom's green energy deals 'look set to power up'
The long-awaited signing of power purchase agreements between Eskom and renewable energy companies may finally materialise this month
The long-awaited signing of power purchase agreements between Eskom and renewable energy companies may finally materialise this month after a call by President Jacob Zuma in his state of the nation address put pressure on Eskom to finalise the deals. Juwi Renewable Energies is one of the companies waiting for round four of the procurement programmes to be finalised so it can start on its 5MW solar photovoltaic project and 138MW wind project. Eskom has given independent providers until April 11 to submit documents confirming they will be ready to start developing projects. Juwi MD Greg Austin said: "Nothing can happen on the ground until financial close is reached and signing off PPAs by Eskom is one of the key project documents comprising financial close," he said. There are 37 outstanding agreements awaiting Eskom's signature. Austin said the delay in signing had been "quite disappointing", and renewable energy companies had been "remarkably patient". Eskom acting CEO Matshela Koko...
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