Government has been told it may face legal action if it cuts target, as it considers options presented by review
Cutting the renewable energy target could bankrupt existing wind farms and lead to legal action against the commonwealth government, energy companies have warned.
Since the inception of the New Growth Path in November 2010 – in which South Africa’s renewable energy ambitions are defined – development finance institution, the Industrial Development Corporation (IDC), has funded 54 green projects in the solar, wind, renewable energy and green technology sectors, committing some R14-billion to these emerging industries.
Getting surrounding residents to take ownership of wind energy projects is essential to their long-term viability, writes Jo Reeves.
With wind energy projects in South Africa set to generate more than R5 billion in revenue for local socio-economic development over the next 20 years, along with urgently needed, affordable electricity, the broad benefits to the country are clear.
Describing South Africa’s Integrated Energy Plan (IEP) as lingering in a state of limbo, energy policy expert Richard Worthington said on Friday that any long-term energy plan should “immediately and ambitiously” prioritise the deployment of renewable-energy (RE) technologies in the short term and increase the share of renewable resources in the energy mix as extensively as possible in the long term.
“There is no other decision for which there is such a compelling case, with such a broad range of benefits and no downside.