South Africa is likely to prioritise energy security over its decarbonisation aspirations to avoid further damage to its economy, said James Mackay, the chief executive officer of the Energy Council of South Africa.
Electricity Minister Kgosientsho Ramokgopa reports that the country’s next renewables bidding round will “not be location agnostic” and will seek to direct projects to areas where there is sufficient grid connection capacity available.
Eskom is preparing to introduce 11 synchronous condensers – seven new and four repurposed – across its transmission system to support grid stability as the penetration of variable renewable-energy generators rises.
Cabinet has approved the Just Energy Transition Implementation Plan (JET-IP), Minister in the Presidency Khumbudzo Ntshavheni announced in a briefing in Pretoria on November 20.
The enlarged International Partners Group (IPG) has reaffirmed its commitment to extend concessional funding to South Africa in support of the country’s Just Energy Transition Investment Plan (JET-IP) and has also confirmed that total financing commitments have been increased to $9.3-billion from $8.5-billion.
Germany, through its KfW development bank, will as soon as Friday sign an agreement to lend South Africa €500-million ($543-million) to help it transition away from the use of coal-fired electricity, people with knowledge of the pact said.
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