According to H.E. President Cyril Ramaphosa, South Africa is officially open for business. With a multitude of clean energy projects coming online, ongoing exploration activities unlocking substantial gas reserves and a call for one trillion ($68 billion) South African rand in infrastructure investment, the country is ripe with opportunity, as it seeks to mitigate chronic power shortages, spur industrial growth and catalyze energy development for a post-COVID-19 economic recovery.
The Department of Mineral Resources and Energy is preparing for the upcoming fifth bidding window of its Renewable Energy Independent Power Producer Procurement (REIPPP) program, set to showcase high potential opportunities across solar and wind. Ninety-two energy projects have been awarded within the first four bidding windows of the REIPPP, totaling R192,603 million ($12.8 million) in investments.
Source: Africa Oil and Power
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