With 60 days to comment on the recently published Integrated Resource Plan (IRP), the industry is excited about the future rollout plan of renewables across the country.
Commenting on the Integrated Resource Plan, Hebren James, South Africa Country Director of K2 Management, says: “The Integrated Resource Plan recognises the global energy transition and mass movement towards clean, affordable and efficient energy. Renewables are playing a vital role in helping countries meet maturing energy needs.”
James added: “It is imperative for South Africa to continue to leverage the immense resources available in the country and ensure renewables play a key role in the country’s energy mix, as it makes good business sense.
“We look forward to continuing to support local developers and communities enhance their design, performance and return on investment of their wind and solar projects, ensuring both private and community-based investors effectively influence the energy transition.”
The IRP identifies the country’s energy needs until 2030, thereafter detailed technical analysis will be executed in order to identify the country’s additional energy requirements post 2030, up until 2050.
The Minister highlighted in yesterday’s briefing that new installed capacity to 2030 will include; 1,000MW coal; 2,500MW hydro (imported); 5,600MW wind; 8,100MW solar PV; and a significant 8,100MW of gas.
He further points out that the resultant installed capacity mix in year 2030 and percentage will consist of:
- Coal with 34,000 megawatts, making up 46%
- Nuclear with 1,860 megawatts, making up 2.5%
- Hydro with 4,696 megawatts, making up 6%
- Pumped Storage with 2,912 megawatts, making up 4%
- Solar PV with 7,958 megawatts, making up 10%
- Wind with 11,442 megawatts, making up 15%
- CSP with 600 megawatts, making up 1%
- Gas with 11,930 megawatts, making up 16%
“It must be noted that while the coal installed capacity will be lower than the current installed base, it will still contribute more than 65% of the energy volumes with nuclear contributing about 4%,” James said.
The public has 60 days to comment on the IRP.