The Development Bank of Southern Africa said it’s seeking to roll out a tendering model across the continent for the supply of power from renewable energy that’s attracted more than 200 billion rand ($11 billion) in private investment into South Africa.
The Independent Power Producers Office, established by the state bank in 2010, has held a series of auctions that led to the rapid roll out of wind and solar power plants in the coal-dependent nation, giving rise to the largest renewable energy industry in Africa.
Source link : https://www.bloomberg.com/news/articles/2024-07-15/south-african-power-auction-model-may-be-rolled-out-across-africa
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Publish date : 2024-07-15 14:35:47
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