Joemat-Pettersson to invest more money in renewables

Author: Siyabonga Mkhwanazi

Energy Minister Tina Joemat-Pettersson has described renewable energy as one of the most successful programmes in the country with the government to increase investments from R194 billion to R225bn.

Joemat-Pettersson told Independent Media in her offices in Cape Town on Wednesday that more projects were in the pipeline to connect renewables to the grid.

 

Renewable energy is derived from natural processes (eg sunlight and wind) that are replenished at a higher rate than they are consumed.

Joemat-Pettersson said private sector investments in renewables would also boost local economies and create jobs.

She said with the new window for Independent Power Producers (IPPs) they will increase private sector investment from R194bn to R225bn.

 

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