Investors put R82bn into wind and solar renewable energy plants

Author: Evan Pickworth

Black-owned specialist fund manager Mergence Investment Managers said on Thursday total investment in wind and solar renewable energy plants was R82bn, with the banking sector, insurance companies, pension funds and international investors as major funders.

The roll-out of renewable energy projects has heightened the importance of finance to get them off the ground, with many early projects mired in funding constraints and high costs.

But evidence is emerging that asset managers are willing to allocate more money to support the government-driven renewable energy independent power producer procurement programme, which has now been through three rounds of bidding.

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