Join Brenda Martin, CEO of SAWEA (South African Wind Association), and Steve Sawyer, Secretary General of Global Wind Energy Council, for our ‘Doing Business In ... South Africa’ webcast on Thursday 12 October at 15h CEST.
To date, over 6 000 MW of renewable power has been procured from 112 independent power producers through 7 competitive bid rounds in South Africa. Wind makes up 53% of procured capacity, with a total investment value of R74.7 billion.
Since the end of 2015, the Renewable Energy Independent Power Producer Procurement programme (REI4P) has been delayed due to various issues of politics. A short-term oversupply of capacity from the national grid has contributed to the sense – mainly supported by those with an interest in conventional power - that new capacity investments should be delayed.
It is anticipated that the impasse will be resolved by the first quarter of 2018, by which time the updated electricity plan – the IRP – should be publicised.
Benefiting from international learning curves, the SA wind industry is price competitive with tariffs having declined by 50% between the initial and most recent bid windows. Wind power in South Africa is now 40% cheaper than new Coal produced by the national Utility. The South African portfolio includes some of the largest wind power plants in the world, with an average project size of 93.5 MW.
South Africa procures independent power on the basis of issued Ministerial Determinations. With more than half of existing Ministerial determinations yet to be procured for and with the clear competitive advantage offered by wind, investment potential in this industry remains high.
Steve will provide an update on the global markets. Brenda will explain the context, opportunities and challenges faced by companies wishing to set up (or sustain) their wind business in South Africa.
The audience will hear about:
- The developmental objectives underpinning the local procurement system
- Where in the local supply chain the best opportunities for investment and the achievement of developmental objectives lie
- Current events relating to the politics of electricity planning
- The short to medium term outlook for wind power investment in SA
About the speakers
Secretary General , GWEC (Global Wind Energy Council).
Steve Sawyer, Secretary-General of GWEC, has worked in the energy and environment field since 1978, with a particular focus on climate change and renewable energy since 1988. He spent many years working for Greenpeace International, representing the organization at intergovernmental and industry fora primarily on energy and climate issues. At GWEC he is focused on working with intergovernmental organisations such as the UNFCCC, IPCC, IRENA, IEA, IFC and ADB to ensure that wind power takes its rightful place in the energy options for the future; and with opening up new markets for the industry worldwide.
CEO of SAWEA (South African Wind Energy Association)
Brenda has worked as a senior practitioner in the Southern African Development, Education and Energy policy sectors for over 15 years.
After implementing small-scale energy, water and food security projects in Southern Africa between 2011 and 2016, she conducted interdisciplinary applied research on energy policy at the Energy Research Centre, UCT.
She has an MPhil in Energy & Development (Mechanical Engineering, UCT).
Her dissertation focused on the Politics of Electricity planning in South Africa.
Register here for the webcast.