The Minister of Energy, Jeff Radebe to officially sign the 27 Renewable Energy Independent Power Producer Projects (REIPPP) including the Power Purchase Agreements with Eskom.
The 27 projects will amount to R 55.92 billion in new direct investment in the energy sector and create the much needed jobs for South Africans. These projects will be located in different parts of the country mainly in rural areas.
The department reached this milestone following a long period of uncertainty, but with this important milestone government re-confirms its commitment not only to renewable energy, but also to a solid partnership with the private sector as it pursues energy’s core position in the South African economy.
This will bring much needed policy and regulatory certainly and maintain South Africas position as an energy investment destination of choice.
Source: Government of South Africa