Solar South Africa
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Solar South Africa
Realising the potential of large-scale solar power generation in South Africa
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Norfund to invest up to US$33 million in South African PV

Norfund to invest up to US$33 million in South African PV | Solar South Africa | Scoop.it
A Norwegian investment fund for developing countries has announced it will raise its NOK 80 million ($13.9 million) commitment to solar projects in South Africa to up to NOK 190 million (US$33 million).
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South Africa gets first utility-scale solar inverters facility | The Green Business Guide

South Africa gets first utility-scale solar inverters facility | The Green Business Guide | Solar South Africa | Scoop.it

The 200 MW capacity facility in Cape Town has already begun operations producing state-of-the-art utility scale solar inverters and combiner boxes for monitoring systems.

AEG Power Solutions has bid in the first three rounds of the Independent Power Producer Procurement Programme (IPPPP).


Global leader in solar energy solutions, 3W Power/AEG Power Solutions today celebrated the official inauguration of its 200MW per annum manufacturing facility. Based in Milnerton, this 3400 sqm factory was built specifically for the manufacture of the company’s world-renowned utility-scale Solar Inverters and Skytron Combiner Boxes, and is the first facility of its kind in Southern Africa. Ms Dipuo Peters, the Minister of Energy and Premier of the Western Cape, Helen Zille, attended the ceremony with other Government bodies, local and international customers and partners of AEG Power Solutions

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MEMC's SunEdison gets $250 million to build solar plant in South Africa - St. Louis Business Journal

MEMC's SunEdison gets $250 million to build solar plant in South Africa - St. Louis Business Journal | Solar South Africa | Scoop.it

MEMC Electronic Materials and its subsidiary SunEdison, received up to $250 million to build a 60-megawatt solar power project in South Africa.

 

The funds were approved by the Overseas Private Investment Corp. (OPIC), part of the U.S. government’s development finance institution.


The project will satisfy South Africa’s Renewable Energy Independent Power Producer Program, which aims to increase investment in renewable energy production, especially solar power, with a goal of having 3,725 megawatts online by 2016.


SunEdison estimates about 140,000 tons of greenhouse gas emissions will be displaced because of the project in the first year alone.


MEMC will construct and operate the solar plant in Boshoff in South Africa’s Free State province. All electricity generated by the power plant will be sold to South Africa's grid through a power-purchase agreement.


MEMC Electronic Materials Inc. reported a net loss of $60 million on net sales of $808.4 million in the second quarter ended June 30. St. Peters-based MEMC (NYSE: WFR), led by CEO Ahmad Chatila, supplies silicon wafers for the solar and semiconductor industries and develops solar projects through its SunEdison unit.

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Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects

Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects | Solar South Africa | Scoop.it

The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country’s green-energy push and drum up sales for America’s renewable industry, according to an announcement made last week.


The 18-year loans will target wind, solar and thermal power in particular, said Fred Hochberg, Ex-Im chairman and president. They could provide additional business to a host of clean-energy manufacturers, including California-based SolarReserve.

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Sustainable Industry Predictions for the Second Half of 2012

Sustainable Industry Predictions for the Second Half of 2012 | Solar South Africa | Scoop.it
The outlook for sustainable industries looked challenging during the first half of 2012, as cleantech average deal sizes along with equity financings, and project financings were down compared to the last quarter of 2011.

 

The upcoming elections European debt crisis, and other macro issues have also been weighing on the US economy during the past several months.

 

However, despite these unfavorable conditions, Cascadia believes that financing and M&A in the sustainable industries will begin to make progress and consequently, stabilize by the end of this year.

 

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Standard Bank registers to facilitate installation of solar water heaters

Standard Bank has registered with the Clean Development Mechanism (CDM) Executive Board of the United Nations Framework Convention on Climate Change, a programme of activities that will facilitate the supply, installation, and financing of solar...
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Renewable energy delay costs millions

Renewable energy delay costs millions | Solar South Africa | Scoop.it

The developers of wind farms and solar energy installations will have to hold on to their hats for a short while longer. National Treasury has extended the deadline for financial close on the first round of the independent power producer procurement programme for renewable energy.

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SA’s first utility-scale solar inverter factory opens

SA’s first utility-scale solar inverter factory opens | Solar South Africa | Scoop.it
International power equipment supplier 3W Power/AEG Power Solutions has officially opened a manufacturing facility, in the Western Cape, which has the capacity to produce 200 MW/year of solar inverters, as well as electrical distribution boxes.
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OPIC board approves US$250 million for agency’s first South African solar project - PV-Tech

OPIC board approves US$250 million for agency’s first South African solar project - PV-Tech | Solar South Africa | Scoop.it

OPIC board approves US$250 million for agency’s first South African solar project.

 

The board of directors for the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, recently gave its approval of providing up to US$250 million for OPIC’s first solar power project in South Africa.

 

The 60MW plant will be built in response to the new Renewable Energy Independent Power Producer Program (REIPP) initiative that was set forth by the South African government in order to increase investment in renewable energy production. The REIPP holds a goal of having 3,725MW online by 2016. Furthermore, the plant will also help South Africa meet the Black Economic Empowerment (BEE) objectives.

 

Financing from OPIC will allow for MEMC Electronic Materials and its subsidiary SunEdison to construct and operate the PV plant in Boshoff, South Africa’s Free State province. All electricity produced by the solar plant will be sold under a PPA to the national grid.

 

“South Africa’s ambitious and impressive renewable energy program has established the country as a leader in the field,” said OPIC President Elizabeth Littlefield.

 

“We’re pleased to work with an experienced developer such SunEdison to deliver so many developmental benefits for South Africa, from the reduction of pollution and displacement of GHG emissions to the creation of local jobs and the realization of the country’s BEE program goals.”

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Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects

Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects | Solar South Africa | Scoop.it
The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country's green-energy push and drum up sales for America's renewable industry, according to an announcement made last week.
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US banks to sign South African green energy scheme | The Green Business Guide

US banks to sign South African green energy scheme | The Green Business Guide | Solar South Africa | Scoop.it

The US Export-Import Bank is to sign a $2 billion deal with South Africa to fund a green energy scheme in the electricity-short country, the bank’s chief said Monday.

 

“We are signing an agreement tomorrow for $2 billion for renewable energy exports from the US to South Africa,” the bank’s president Fred Hochberg told reporters.

 

“South Africa has one of the most forward-reaching energy policies in terms of diversity in power,” he said.

 

“We are signing tomorrow and it goes into effect immediately,” he added.

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Sustainability in South African Cities | Supernews

Sustainability in South African Cities | Supernews | Solar South Africa | Scoop.it

According to the African Green City Index, by the Economist Intelligence Unit sponsored by Siemens, South Africa boasts several of the most sustainable cities in all of Africa. Cape Town, Durban and Johannesburg all score “above average” overall in an assessment of environmental performance in categories including energy and CO2, land use, transport, waste, water and sanitation. Many of these areas were aided by global events and the demands that millions of tourists would bring.

 

Each city holds key areas that have been rapidly improved in recent years, like waste management in Cape Town and CO2 emissions in Johannesburg. Or, they are implementing projects to improve areas in which progress is needed, like the buyback programs for waste management in Durban. The index states that government structures are the key to the success of each South African city, ensuring that local leadership must make policies and change for the betterment of each municipality.

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