RENEWABLE ENERGY: Greening your money
New models make it easier to invest in renewable energy, writes Pedro van Gaalen
Operational renewable energy projects in SA offer investors stable long-term returns due to the predictable outputs they generate. However, the substantial funding required to realise them, particularly the larger projects in SA’s Renewable Energy Independent Power Producer Procurement (REIPPP) Programme, means opportunities in the sector have generally been reserved for institutional investors. But new and innovative funding models have emerged thanks to the renewed focus on renewable energy, both by the government and the private sector, that has been fuelled by Eskom’s runaway costs. These models have not only introduced new funding lines into a market that is poised to boom, but are also broadening access and inclusion in the sector. One example is Revego Africa Energy Ltd, which plans to list on the JSE this year. The new R1bn fund is a joint venture between Investec and UK Climate Investments, a UK government-backed entity that concentrates on clean energy in India and Africa....
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