thermal power
South Africa boasts over 6,000MW of procured wind power, and is on track to early maturity.

This is according to Brenda Martin, CEO of the South African Wind Energy Association (SAWEA) who addressed delegates at an industry conference in Cape Town on Wednesday.

The South African wind power industry has demonstrated its prominent role in boosting the country’s economic growth.

According to the association, the wind power industry is a significant foreign direct investment contributor, a driver of local socio-economic growth and provides the major share of SA’s renewable power. Read more…

The wind association added that many African countries are now able to look to South Africa’s REIPPPP lessons to leverage similar foreign direct investment and local economic development potential.

Global trend

Globally, the unstoppable trend toward larger shares of renewable power to drive social and economic growth continues.

Citing The World Energy Outlook 2017, released by the International Energy Agency (IEA) in London this week, SAWEA said that the report presents a base case scenario that foresees the world’s growing energy needs being met first by renewables and natural gas over the coming 25 years.

“Renewable sources of energy meet 40% of the increase in primary demand and their explosive growth in the power sector marks the end of the boom years for coal,” the publication states.

Industry highlights

Speaking at the wind power conference, Mark Pickering, Chair of SAWEA, addressed the issue of outstanding power purchase agreements (PPAs) that has plagued the renewable energy industry for the last two years.

Taking a bullish view, the industry continues to look to the Department of Energy to carry out the government’s commitment to long-term security of supply for the country.

“We are incurable optimists, we wait for the tide to turn, and most importantly, we know that we are on the right side of history,” concluded Pickering.

 

Featured image: Stock