Ray of Hope for South Africa’s Small Solar Developers
Author: Shem Oirere
South Africa has raised the hopes of small solar PV developers with projects of less than 5MW, after proposing a dedicated fund to enable them meet their capital expenditure.
The Department of Energy has also announced changes to the procurement procedures Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) to enable Small Independent Power Producers (IPPs) cut on costs.
The developers could soon find alternative funding after big lenders shunned them for larger projects under REIPPPP, which hopes to generate 1,450MW of solar PV by 2030.
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