SA's renewable energy market
October 2009
News
Southern Africa set for a flood of renewable energy projects according to Frost & Sullivan.
Despite the considerable potential that exists to produce electricity using renewable energy (RE) in southern Africa, RE projects have been largely limited to off-grid, small-scale applications. However, the renewable energy market in South Africa is expected to grow exponentially in the next few years, owing to the announcement of the renewable energy feed-in tariff made in March 2009.
New analysis from Frost & Sullivan (http://www.energy.frost.com) finds that the market for renewable energy equipment in southern Africa earned revenues of $28,4 million in 2008 and estimates this to increase nearly tenfold by 2015, to reach $262,3 million. This will include projects to develop energy from solar photovoltaic, solar thermal, wind power and biomass sources.
“The growth of the wind power market and large-scale solar concentrating projects will be driven by an increasing number of joint ventures,” notes Frost & Sullivan energy analyst Sipha Ndawonde. “Such ventures will be between project developers with local knowledge and private equity investment firms, backed by the support of international original equipment manufacturers.
With tightening sources of global credit and more countries reporting negative economic growth rates, private equity investment companies have become more selective and strategic about the sectors into which they invest. Sustainable energy project portfolios have however bulged to more than $1 billion, dedicated to financing RE projects in southern Africa.
“This is an indication that investors view RE and energy efficiency projects in southern Africa as having favourable returns and representing a solid investment decision,” Ndawonde says. “An abundance of natural resources combined with a stable political environment, reasonable economic growth rates and growing interest from private equity firms means that large-scale RE projects are set to penetrate into the southern African countries of South Africa, Botswana and Namibia.”
Southern African Renewable Energy Equipment Market is part of the Energy & Power Growth Partnership Service programme.
For more information contact Patrick Cairns, Frost & Sullivan, +27 (0)18 468 2315, [email protected], www.frost.com
Further reading:
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...
Hytec opens fifteenth Mandela Day library
Bosch Rexroth Africa
News
Over 200 learners at Monene Primary School in rural Limpopo have received their own containerised library. This is the fifteenth library since 2011, provided by Hytec South Africa and the Nelson Mandela School Library Project to schools across the country.
Read more...
CSIR survey on the state of cybersecurity in South Africa
News
The CSIR Information and Cybersecurity Centre has released four comprehensive national cybersecurity surveys. These delve into critical areas such as cybersecurity preparedness and resilience in the public sector, cybersecurity skills gaps, cybersecurity incidents, and the digital identity landscape in South Africa.
Read more...
Referro Systems partners with Festo in Northern Cape
News
Referro Systems has been recognised as an Authorised Official Partner Candidate for Festo in the Northern Cape, marking a significant milestone in its commitment to delivering best-in-class automation solutions to customers.
Read more...
Heavy-duty tablet achieves global certification
Vepac Electronics
News
In a significant advancement for the company’s rugged tablets, the Teguar TRT-5380-10 heavy-duty tablet from Vepac has successfully acquired 11 international certifications, setting a new standard in quality, safety, and security across global markets.
Read more...
Bühler Johannesburg transforms Little Star Daycare Centre
News
Little Star Daycare in Vanderbijlpark has undergone a remarkable transformation, thanks to the generous support of Bühler Johannesburg.
Read more...
Schneider Electric and Harmony accelerate skills development
Schneider Electric South Africa
News
Schneider Electric has formed a strategic partnership with Harmony Gold Mining to upgrade the instrumentation workshop into a state-of-the-art facility.
Read more...
RS South Africa showcases mining products and solutions
RS South Africa
News
RS South Africa recently exhibited at MTE Steelport in Limpopo, and MTE Sibanye-Stillwater in Gauteng.
Read more...
RS PRO expands automation range
RS South Africa
News
As automation continues to revolutionise production facilities, RS PRO, the trusted own brand of RS, is expanding its product range to meet the growing demand for smarter, more efficient processes.
Read more...
From the editor's desk: Killer science
Technews Publishing (SA Instrumentation & Control)
News
I couldn’t resist watching The World Industrial Reporter’s video on Ten Scientists Killed By Their Own Experiments. Some of them would have deserved the Darwin Award for taking themselves out of the
...
Read more...
printer friendly version