AfDB’s Kaberuka: We’ll keep financing Africa’s coal-fired power plants
Donald Kaberuka, who is due to step down in May as head of the lender, said the region doesn’t “have the luxury” of ruling out polluting fuels.
Low-carbon economy
SA’s Carbon Tax obsession – fiddling while industry is burning
For once I wish we’d take a lead from the Australians and can this damn Carbon Tax idea. Then focus our collective effort on fixing rather than fiddling.
Electricity: Renewables now cheaper than coal, but not forever
In this focused discussion on renewable energy, Paul Semple of Futuregrowth explains why his company has lent more than R4bn to 19 South African projects – and explains why renewable energy will deliver cheaper electricity into the national grid than Eskom’s new coal-fired power stations. But he frets that this is the trough for renewable … Read more
Eskom goes green: Secures €75m loan for solar power plant
South Africa is a treasure trove of natural resources. Especially when it comes to utilising those resources to ensure that we exploit the year-round sunshine whilst being kind to the environment. We don’t have the best track record of environmentally friendly practice, especially when it comes to large-scale utilities like our power supply. It is … Read more
Eskom secures loan from EIB for solar power plant
JOHANNESBURG (Reuters) – South Africa’s power utility Eskom has agreed a 75 million euro loan with the European Investment Bank to support its 100 MW concentrating solar power (CSP) plant, the company said on Thursday. “Eskom is committed to investing in projects that will diversify our energy mix, including renewable resources,” Eskom’s senior general manager for renewables Ayanda Nakedi said. … Read more