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South Africa on Track to Becoming One of the Fastest-Growing Renewable Energy Markets Worldwide, Finds Frost & Sullivan

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6 Pages
English

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South Africa on Track to Becoming OneSouth Africa on Track to Becoming One of the Fastest-Growing Renewable Energy Markets Worldwide, Finds Frost & Sullivan PR Newswire CAPE TOWN, South Africa, Oct. 18, 2013 - Successful implementation of the REIPPP will stimulate investments in large, utility-scale RE systems The potential for renewable energy (RE) generation in South Africa is high, and the successful execution of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP) has powered the growth of the RE industry in the country. New analysis from Frost & Sullivan (http://www.energy.frost.com), South Africa Renewable Energy Project Tracker, finds that the REIPPP aims to generate 3,725 megawatt of the country's total electricity from renewable sources. RE accounted for less than one percent of the energy mix in South Africa in 2012 and this is expected to reach twelve percent in 2020. The commercial and industrial RE segment will grow rapidly in the medium to long term. "In the light of electricity and water scarcity, as well as rising coal prices, RE is becoming a preferred choice of energy generation technology in South Africa," said Frost & Sullivan Energy and Environmental Research Analyst Joanita Roos. "Additionally, South Africa is the 12th highest carbon- emitting nation, and the need to diversify industries and incorporate lower carbon-emitting technologies will spur RE development.

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Published 18 October 2013
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South Africa on Track to Becoming One of the Fastest-Growing Renewable Energy Markets Worldwide, Finds Frost & Sullivan

PR Newswire

- Successful implementation of the REIPPP will stimulate investments in large, utility-scale RE systems

The potential for renewable energy (RE) generation in South Africa is high, and the successful execution of the Renewable Energy Independent Power Producer Procurement Programme (REIPPP) has powered the growth of the RE industry in the country.