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Cyril Ramaphosa announces urgent measures to reduce loa...


We are holding this briefing today in a time of great hope and great difficulty.
Difficulty, because we are in the midst of the worst economic crisis in our country’s recent history, which has seen a dramatic increase in unemployment and hunger and a significant decline in economic growth.
Hope, because we are already starting to see the results of our efforts to recover and to rebuild.
In the GDP figures released by Statistics South Africa this week, in the encouraging signs of a revival in many sectors of our economy, and in rising business confidence, we are seeing the green shoots that emerge after a devastating fire. ....

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Investegate |Release Announcements | Release: Scatec awarded 540 MW solar plant with storage in a government tender in South Africa


Scatec awarded 540 MW solar plant with storage in a government tender in South Africa
Oslo, 1 June 2021: Scatec has today been awarded Preferred Bidder status on three projects totaling 150MW (3x50MW) of Contracted Capacity, by the Department of Mineral Resources and Energy in South Africa under the technology agnostic Risk Mitigation Power Procurement Programme (RMIPPP). The tariffs awarded to the projects fall within the range of the previously awarded preferred bidders.
The three projects (Kenhardt 1-3), in total consisting of 540 MW solar and 225 MW/1,140 MWh battery storage, were bid based on sites located in the sundrenched Northern Cape Province of South Africa. The projects awarded to Scatec are the only projects with preferred bidders status exclusivity making use of renewable energy technology, making it arguably one of the largest single site solar + storage hybrids in the world. ....

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