Sun Exchange, a South African firm that crowd-sources funds for solar panels and leases them to customers, plans to expand to other countries on the continent.
Browsing: Energy and sustainability
Consumers who generate their own electricity, relying on Eskom when the sun goes down, may see a drastic increase in Eskom charges.
South Africa must embark on a “just energy transition” to stimulate greater investment as a way to to overcome electricity shortages, said President Cyril Ramaphosa.
A group representing the biggest electricity consumers in South Africa have appealed for more predictable power price increases.
Comparisons presented by Eskom to show that its tariffs are low compared to those in many other countries were met with scepticism on Thursday.
Johannesburg has joined Cape Town in opposing plans by Eskom to raise electricity costs by more than three times the current inflation rate.
Investec plans to offer its private banking clients funding to install solar panels and battery storage systems in their homes.
Eskom’s creditors have started working with financial advisory firm Rothschild & Co as the struggling power utility prepares a long-awaited reorganisation.
Energy expert Chris Yelland has warned that if Eskom gets its way, the economy will go into “a nosespin”.
Eskom expects the consumer to pay for the long-term damage of its bungling of the Medupi and Kusile power station projects, says the Association of South African Chambers.