Connect with us

Energy and Transportation

South African Energy plant considering spending billions on wind and solar

Published

on

Eskom’s R106-billion wind and solar energy plans

The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from coal by taking advantage of the nation’s abundant wind and solar resources.

The state-owned company envisages spending 61.75 billion rand on wind power and 44.25 billion rand on solar energy by the end of the decade, a company presentation seen by Bloomberg shows. Some of the projects are planned on the sites of coal-fired plants that are scheduled to close. Eskom confirmed the presentation and the costs without giving further detail.

The potential investment is part of a plan previously communicated by Chief Executive Officer Andre de Ruyter to borrow money from development-finance institutions for projects that would reduce emissions from a company that accounts for two-fifths of South Africa’s greenhouse gas output.

While President Cyril Ramaphosa has set up a commission to advise him on climate change, Eskom’s plans have been publicly opposed by Gwede Mantashe, his energy minister, who says such a transition could eliminate thousands of coal-dependent jobs.

The presentation outlines three phases for the investment once funding and regulatory approvals have been secured.

In the first phase, which would span from 2022 to 2023, 246 megawatts of photovoltaic solar power could be built at the Arnot, Duvha, Lethabo, Majuba and Tutuka coal-fired power plants. A further 100 megawatts of solar-generation capacity could be built at Komati, the first of the aging power plants slated to close, and 19.5 megawatts of solar power at the site of the Sere wind-power plant.

Concentrated Solar

The second phase, which would last from 2023 to 2025, could see the construction of a 750 megawatt concentrated solar power plant at Olyvenhoutsdrift in the Northern Cape and 600 megawatts of photovoltaic power added at Sere.

The company may also seek to build 300 megawatts of wind power at Kleinzee on South Africa’s northwest coast and 200 megawatts of wind power at Aberdeen in the Eastern Cape province. A further 250 megawatts of renewable energy generation capacity could be built on the sites of decommissioned coal-fired power plants.

The third phase envisages the building of a further 2,950 megawatts of solar photovoltaic capacity between 2025 and 2030 as well as 3,100 megawatts of wind power.

Eskom already has debt of about 400 billion rand, mainly from an overrun in the cost of construction of two coal-fired power plants. Debt from development-finance institutions is generally cheaper than borrowings from commercial lenders.

Until now almost all of South Africa’s investment and planned investment in renewable energy has been by private companies. Eskom has no plans for further coal plants but is considering investment in battery storage and gas-fired plants. The company’s annual revenue is about $13.5 billion.

Continue Reading

The Daily Do It

 

 

The News without the Noise

The Great Transition4 days ago

Understanding the Great Transition

The Great Transition4 days ago

Information, Communications, Media

The Great Transition4 days ago

Consumption, Materials and Resources

The Great Transition4 days ago

Food and Agriculture

The Great Transition4 days ago

Transforming Health

The Great Transition4 days ago

Education for a New World

Featured4 days ago

The Transformation of Energy and Transportation Systems

The Great Transition2 weeks ago

Going forward: A realistic action plan

Rethink X4 weeks ago

Understanding where we’re at and how to get to where we are going

Video: Rethink4 weeks ago

0:00 / 20:59 Rethinking Energy 2020-2030: 100% Solar, Wind, and Batteries is Just the Beginning

Policy4 weeks ago

NO TO NUKES: Non-proliferation treaty conference ends in failure, ban treaty shows the way forward

Innovation without borders1 month ago

Innovation without Borders

Innovation without borders1 month ago

Information without Borders

Innovation without borders1 month ago

Affordable and Renewable Clean Energy

Innovation without borders1 month ago

Resources and Materials

Innovation without borders1 month ago

Improved Food Systems

Build for Change1 month ago

Why Endless Consumption of Our Finite Planet Will Take Us to Our Cliff of Doom and How We Can Prevent It

Featured1 month ago

Indigenous rice out-performs commercial varieties in nutrition value and tolerance to drought, flood, extreme weather

FOOD + AG.1 month ago

Reviving Jordan’s community, resilience and food sovereignty through urban wheat cultivation

FOOD + AG.1 month ago

An organic farming revolution in Thailand

Mobilized TV1 month ago

Heart Attacks Are Not Worth Dying For

Mobilized TV1 month ago

Rethink: Humanity’s Next Operating System

Mobilized TV1 month ago

Find out how your community could take on big business to serve the health of all.

Food and Land1 month ago

Understanding the Roots of the Food Crises and Preventing Future Crises: Resilience and a Deep Dive

Editorials2 months ago

Another Conference is not going to save us:

A web of Life for ALL Life2 months ago

Truths or Consequences

Build for Change2 months ago

The launch of “Rights of the Atlantic Ocean” campaign in Newfoundland

Build for Change2 months ago

What’s really going on in the Brazilian Rainforests?

Editorials2 months ago

To Save the Planet, Forget About the Globe (And Act Locally)

Weekly Exchanges2 months ago

A global information commons

Build for Change2 months ago

We are One

Build for Change2 months ago

The Power of us

Build for Change2 months ago

When Stars Collide

Build for Change2 months ago

Heal the World

People Planet Purpose2 months ago

A NEW STORY FOR A NEW WORLD

Rethink X4 weeks ago

Understanding where we’re at and how to get to where we are going

Video: Rethink4 weeks ago

0:00 / 20:59 Rethinking Energy 2020-2030: 100% Solar, Wind, and Batteries is Just the Beginning

Rethink X4 months ago

Out of Chaos Comes Creation: Understanding Transformation of Civilizations

Rethink X4 months ago

Understanding the Repeating Patterns of History: Growth / Collapse / Transformation

Mobilized News Network7 months ago

Clarity Above all Else

Paradigm Change7 months ago

Nuremberg Prosecutor at 102: Make Law, Not War.

INTERVIEWS8 months ago

GAIA TALKS: The Earth Speaks: Mohamed Ismail from Egyptians Abroad For Democracy Worldwide

Paradigm Change8 months ago

An Empowered World: People, we are Ready!

Paradigm Change8 months ago

Conscious capitalism and Raising the Bar of Human Possibility

Paradigm Change8 months ago

Open Collaboration on an Epic Scale: The Future is Cooperatively Decentralized

Paradigm Change8 months ago

Transforming Energy and Transportation

Paradigm Change8 months ago

Transforming agriculture and food systems for optimal planetary and personal health

Arts9 months ago

How The Pentagon and CIA Have Shaped Thousands of Hollywood Movies into Super Effective Propaganda

A web of Life for ALL Life10 months ago

We are One

Mobilized TV10 months ago

How we can eradicate heart Disease

Mobilized TV10 months ago

Howard Bloom: Imagination Takes You Everywhere

Featured10 months ago

From Punk to Planet: Slam Dunk the Junk with Dave Street

Mobilized TV11 months ago

A Moral Responsibility: Jean Su, Ctr. for Biological Diversity

Mobilized TV11 months ago

On Free Speech TV: Rethinking Humanity with James Arbib of RethinkX

Mobilized TV11 months ago

Sustainable Architecture, Design and Building for a Sustainable Planet

Mobilized TV11 months ago

A better understanding of lawn care for Climate Care featuring Dr. Rob Moir of the Ocean River Institute

Mobilized TV11 months ago

Stories from the Reservation: Davidica Little Spotted Horse

Translate »