renewable power

  1. Hanno Labuschagne

    Turning mines into big batteries in South Africa

    Turning mines into big batteries in South Africa Several private power producers and research institutions in South Africa are developing dry gravity-based energy storage as a potentially cheaper alternative to battery energy storage systems (BESS). Over the next decade, South Africa plans to...
  3. Hanno Labuschagne

    Investec-backed Revego nets R1-billion for renewable power expansion

    Investec-backed Revego nets R1-billion for renewable power expansion Revego Africa Energy Fund raised R1 billion in its first capital-raising round since 2021 as the Investec Bank Ltd.-backed firm seeks to bankroll renewable power projects in South Africa. The fund now has a portfolio of R3...
  4. Hanno Labuschagne

    Mulilo secures another R1.3-billion investment

    Mulilo secures another R1.3-billion investment Norwegian investment fund Norfund has acquired a minority stake in South African renewable energy developer and independent power producer (IPP) Mulilo for $75 million (R1.28 billion). The investment was facilitated through a partnership with...
  5. Hanno Labuschagne

    Denmark and the Netherlands add R6.34 billion to South Africa's renewable energy deal

    Denmark and the Netherlands add R6.34 billion to South Africa's renewable energy deal South Africa’s cabinet said the Netherlands and Denmark have joined the Just Energy Transition Partnership, a landmark climate finance deal meant to help the country transition away from coal and serve as a...
  6. Hanno Labuschagne

    Another delay for South Africa's multi-billion-dollar renewable energy plan

    Another delay for South Africa's multi-billion-dollar renewable energy plan South Africa’s government will need another two to three months to complete an energy transition implementation plan, further delaying the flow of funds from an $8.5-billion (R160.6 billion) climate finance agreement...
  7. Hanno Labuschagne

    Komati power station gets $497 million in funding for renewables switch

    Komati power station gets $497 million in funding for renewables switch A coal-fired plant in South Africa that shut its last unit this week secured $497 million (R8.96 billion) from the World Bank and other funders to generate renewable energy from the site, a project that will serve as a...
  8. Hanno Labuschagne

    South Africa will reveal R154-billion renewable funding plan in November

    South Africa will reveal R154-billion renewable funding plan in November South Africa, the world’s 13th biggest source of climate-warming greenhouse gases, will unveil details on how it plans to cut emissions next month at the United Nations Climate Change Conference in Egypt, Environment...
  9. Hanno Labuschagne

    South Africa's $8.5-billion green funding from Western nations in jeopardy

    South Africa's $8.5-billion green funding from Western nations in jeopardy A landmark $8.5-billion (R151.5-billion) deal to help wean South Africa off its dependence on coal is hanging in the balance amid fraught negotiations with rich donor countries over how the funds should be spent. The...
  10. Hanno Labuschagne

    John Kerry says SA's renewable power funding depends on Ramaphosa's plans

    John Kerry says SA's renewable power funding depends on Ramaphosa's plans John Kerry, the US’s special presidential envoy for climate, said progress in completing an $8.5 billion (R148.55 billion) financing deal to help South Africa shift to cleaner energy is dependent on that country’s...
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