FTW Pick: Renewable energy deal generates project cargo opportunities
12 Apr 2018 - by
Logistics companies and renewable energy manufacturers are breathing a sigh of relief after the long-awaited signing of 27 new renewable energy independent power producer (REIPPP) projects by the Minister of Energy, Jeff Radebe last week.
The agreements total R56 billion in investments which will add 2 300 megawatts of power generation capacity to South Africa’s power grid over the next five years.
South African Renewable Energy Council (Sarec) chairperson Terence Govender pointed out that the delays around the signing of the power purchase agreements had “negative knock-on consequences” not only for public-private partnerships in other infrastructure sectors but businesses – including the transport and logistics sector – that had invested in services and equipment in anticipation of the deals coming through.
FTW has carried several reports over the years about local and international companies who have invested in additional project cargo services to serve the projected renewable energy logistics boom in southern Africa as a result of government’s REIPPP.