A huge battery energy storage project has won “preferred bidder” status under a government procurement programme.
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South African renewable energy projects selected over a year ago are struggling to reach financial close.
British International Investment, the UK government’s development finance arm, plans to invest $6-billion over the next five years.
South Africa’s plan to add an estimated R95-billion worth of private emergency power generation has been further delayed.
Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall