First half of 2015 sees financial benefits from renewable energy

[X-Gamer]

First half of 2015 sees financial benefits from renewable energy with huge cost savings

"Our study shows that in the first six months of 2015, the trend that started in 2014 continued and speeded up, and that renewable energy provided a huge net financial benefit to the country. Without the solar and wind projects, we would have spent significant additional amounts on diesel, and energy would have had to be 'unserved' during more than 200 additional hours from January to June 2015," Bischof-Niemz says.

"What is more, the cost per kWh of renewable energy for new projects is now close to 80c for solar PV and between 60c - 70c for wind projects. That will keep the net financial benefits of new renewables positive, even in a future with a less constrained power system," he says. The CSIR will continue to monitor the fuel-saving and security-of-supply benefits of renewable energy. More information and the results of this study can be obtained at the CSIR website.

About the CSIR

The CSIR is one of the leading scientific and technology research, development and implementation organisations in Africa. Constituted by an Act of Parliament in 1945 as a science council, the CSIR undertakes directed and multidisciplinary research, technological innovation as well as industrial and scientific development to improve the quality of life of the country's people. www.csir.co.za

About the CSIR's Energy Centre

In July 2014, the CSIR started a process to streamline its offerings in the energy field through the establishment of an integrated energy research centre. This centre focuses on the key energy challenges of the country and the region, and consolidates the energy-related research currently taking place across the CSIR. It has a strong focus on technology integration, policy support as well as technical and economic modelling of the energy sector. Dr Tobias Bischof-Niemz heads up the centre.

Link to full Media Release

 

[itareanlnotani]

"What is more, the cost per kWh of renewable energy for new projects is now close to 80c for solar PV and between 60c - 70c for wind projects."


Compare to the cost of Coal @ Medupi. Not including all the pollution, and the upcoming carbon taxes we're going to be hit with.
Eskom should be investing in storage so we can use excess solar after sundown, and substantially improve our decaying transmission infrastructure, and let the private sector do what they do well - large scale *cheap* power.

Government wants nuclear though, as there are more funds to be stolen on a mass scale than anything else.
Short sighted greed destroying our planet.

Fskers.