The South African Government has unveiled plans to invest in the wind sector as a way to reduce greenhouse gas emissions and drive down the cost of power through competitive pricing.
Addressing delegates during the recent SAWEA’s annual Windaba conference, the Department of Energy (DoE) acknowledged the wind sector’s ability to attract substantial investment into the country.
Energy Minister Jeff Radebe disclosed that the government was committed to inviting investors to the project.
He said, ” Based on increasing performance in the Wind and Solar Energy sectors, I continue to invite investors to consider South Africa as an investment destination with huge potential to grow in a politically stable environment.”
As part of efforts to kickstart the project, Ministry of Energy has embarked on improving wind resource mapping in South Africa through its Wind Atlas. It had also constructed 18 wind masts across 9 provinces, which would help with management and planning of wind resource investment allocations.
Radebe made clear the interlinkages between the country’s economic emancipation and the provision of affordable energy to a broader population, whilst reducing carbon emissions through the diversification of the national energy portfolio.