Gwede Mantashe

South African power utility Eskom Holdings SOC Ltd. is preparing to spend 106 billion rand, or $7.2 billion, in wind as well as solar energy by the end of the decade. Eskom, which makes up two-fifths of the nation's greenhouse gas outcome, may execute its strategy either individually or through a collaboration.

The South African federal government has actually released its most current renewables procurement round under its Renewable Energy IPP Procurement Programme (REIPPPP), which is to obtain 1GW of solar PV.

The country's regulator has approved a government plan to tender for 11.81 GW of power generation capacity on top of the 2 GW tender opened last month.

Power purchase agreements may be voluntarily renegotiated by extending the 20-year deals or enabling independent power producers to add more efficient PV components, thus increasing plant generation capacity.