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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 working model for the transition away from fossil fuels.
The move toward cleaner energy is particularly complex in South Africa, which has chronic electricity shortages, is the world’s 13th-biggest source of greenhouse-gas emissions and has one of the highest unemployment rates.
[Bloomberg]
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 working model for the transition away from fossil fuels.
The move toward cleaner energy is particularly complex in South Africa, which has chronic electricity shortages, is the world’s 13th-biggest source of greenhouse-gas emissions and has one of the highest unemployment rates.
[Bloomberg]
