Some renewables already supply cheaper and sustainable electricity than the newest coal power plants. Renewables will get cheaper and coal and nuclear likely more expensive. Investment in renewable energy in South Africa can provide decent jobs and increase skills. South Africa is a solar rich country with one of the highest solar resources in the world.
South Africa’s program to introduce green renewable energy into its energy mix has been hailed globally as one of the most advanced and successfully renewable energy programs.Despite the success of the Renewable Energy Independent Power Producer Program (REIPPPP). Eskom refused to sign the full amount of contracts which were awarded as part of the program in 2016. This effectively put the brakes on renewable energy potential and its many benefits for South Africans.
South Africa is falling behind on renewable energy project implementation, even as other countries accelerate their plans for green energy. According to data from “Green-byte”, a renewable energy management system manufacturer, SA lags far behind fellow BRIGS country China which has 188 232 MW (megawatts) of wind power capacity and 106 921 MW of solar energy capacity.
Solar energy systems have a high initial cost, but typically return the investment within 5-8 years. The use of solar energy in South Africa is driving the use of other renewable energy sources including: wind, hydroelectric and biomass.
Some known renewable energy sources are:
1. Solar Energy (both heating and electricity generating).
2. Wind Energy.
3. Geothermal Energy Sources.
4. Hydro Power.
5. Bio-gas or Bio-fuel.
ADVANTAGES OF RENEWABLE ENERGY
(a) Potentially unlimited supplies.
(b) Clean energy without production of greenhouse gasses.
(c) Cost of creating energy besides of initial investment is low.
(d) Renewable energy projects can also bring economic benefits to many regional areas.
(e) Renewable energy can bring power to remote areas due to smaller scale of operations.
Renewable Energy will become an economic driver and generator of employment for future generations as well. Currently demand is still low due to cost factors, but rising energy cost, improved technology and lower cost will see demand for renewable energy improving.
CONTACT US NOW IF YOU NEED HELP WITH A PROFESSIONAL AND BANKABLE RENEWABLE ENERGY BUSINESS PLAN OR PROJECT AT (27)84 583 3143 OR money@global.co.za
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