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South Africa’s thermal coal export industry is facing a “long-term, permanent decline” as new energy technologies replace coal-fired generation at a pace faster than was previously forecast and as financial institutions and diversified miners abandon the coal industry, a new report warns. Published by the Institute for Energy Economics and Financial Analysis (IEEFA), the report…
South Africa’s government, energy regulator and Eskom have often been criticised for obstructing the introduction of distributed, small-scale embedded generation (SSEG) which would help businesses to cut costs and ensure the stability of their power supply during load shedding. But in fact, there are significant and far-sighted tax breaks which have been put in place…
Calling all New Earth Energy Partners, Installers and Resellers! We are very excited to announce the imminent arrival of the new and improved SIRIUS Energy Modules in your region. The new SIRIUS Energy Module, now with aluminium internal casing, has 3 distinct improvements: 1. Improved performance through much lower intrinsic consumption and passive cell balancing.…
Increased demand and technological advances have contributed to the significant decrease in solar photovoltaic (PV) systems costs over the years. A solar PV system can save small to medium businesses up to a third of their electricity costs with a payback period averaging three to eight years from installation. They can also decrease the exposure to energy price increases, as well as increase the property value…
Nearly half the world’s electricity will come from renewable energy by 2050 as costs of wind, solar and battery storage continue to plummet. That titanic shift over the next three decades will come as electricity demand increases 62% and investors pump US$13.3 trillion into new projects, according to a report released Tuesday by BloombergNEF. The…
https://www.engineeringnews.co.za/article/energy-in-focus-following-elections-2019-05-16
China is withholding a R7-billion payment meant to help Eskom combat its current financial issues due to fears that the power utility will not complete its power station construction projects. According to a report in the City Press, the Chinese Development Bank (CDB) has become wary of Eskom’s promises and is concerned that it will…
A deft social media disinformation/misinformation campaign – deliberate or otherwise – during last month’s load shedding chaos sought to blame renewable independent power producers (IPPs) for the dysfunction. Former executives have also persistently blamed the high cost of electricity generated by these providers as the reason for Eskom’s financial mess (because of pass-through tariffs, this is…
One of the key barriers to entry for the renewable sector is access to funding. Traditionally, banks have financed assets including vehicles and heavy machinery but until now, there has been no formal application process to get your solar system financed by the bank. We’ve been hard at work behind the scenes to make this…
https://www.moneyweb.co.za/news/south-africa/how-renewables-are-helping-eskom-keep-the-lights-on/