Insight
South Africa’s renewables era revived with Bid Window 5
Report summary
On 28 October, Minister Mantashe announced the preferred bidders for Bid Window 5 of the REIPPPP program. The wind and solar capacity on offer were 3.5 and 4.5 times oversubscribed, respectively, and 25 independent power producers committing to build 2,583 MW of new capacity were identified to sign 20-year PPAs and interconnect their projects by April 2024. This note offers insights into the winning bidders' possible winning strategies and the drivers behind strikingly low proposed prices. It notes the risks facing these proejcts due to supply chain constraints and high commodity prices. Finally, it delves into the dynamics of South Africa's fast-changing power sector landscape as the country is committing to accelerate its energy transition efforts with support from a bloc of advanced economies.
Table of contents
- Low solar and wind bids and novel climate financing to accelerate coal phase-out
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
24 March 2023
South Pars Phase 12
Asset Report
South Pars Phase 12
South Pars is a super-giant gas field located in the Persian Gulf. Iran shares the field with Qatar, where it is known as the North ...
$3,10028 February 2023
Africa product markets short-term outlook March 2023
Commodity Market Report
Africa product markets short-term outlook March 2023
Incorporates product-by-product supply-demand balances through to end-2024 on a monthly basis
$1,90016 November 2021
Bel Air bauxite mine
Asset Report
Bel Air bauxite mine
The Bel Air project is a standalone direct shipping ore supplier. The mine is close to the coast and costs to fob are therefore competitive.
$2,250
