South Africa’s plan to build gas-fired power plants has become outdated with renewables becoming cheaper, Meridian Economics has found.
Browsing: Meridian Economics
South Africa’s record electricity cuts last year could rise 10-fold by 2026 unless the country rapidly adds generation capacity, Meridian Economics said.
South Africa could save R100-billion by accelerating the closing of coal-fired power plants in return for cheap loans to fund a transition to cleaner forms of electricity.
A plan to establish the world’s largest green energy financing initiative is being threshed out in South Africa.