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
Country Report
Chad upstream summary
Chad is Sub-Saharan Africa's seventh largest producing country with over 180,000 b/d of oil production. Chad is a landlocked ...
$5,400
Country Report
Ghana upstream summary
Ghana is Sub-Saharan Africa's sixth largest producer. Its hydrocarbon industry only came to the fore in the late 2000s after the ...
$5,400
Asset Report
South Pars Phase 1
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 ...
$3,100