Tuesday, August 18, 2009

SA working on financial instruments to boost renewable projects

The article below talks about three funding mechanisms for Renewable Energy:

· REFIT – Best idea, let’s wait and see if it happens – see my comments below

· REFSO – A joke

· REMT – Brilliant, but little clout

ESKOM to produce 6000GWh of Renewables Energy, 60% of our target? How? They just shelved their only wind farm and only solar project?

“700 MW” of Renewables. If we assume 60% for ESKOM, that leaves 280MW for IPPs. It is a bad joke! Even 700MW is a bad joke. We can do 2GW wind in the Cape easy! See below...

“Challenge of connecting generators to the grid should not be underestimated, as it was substantial” = lots of excuses why NOT to connect renewable energy from Independent Power Producers.

To fund Renewable Energy “A massive electricity price increase would be required to meet those targets and costs.” = rubbish! The 2c levy by treasury is already enough for over 2GW of wind farms.

Seems to me that DoE (Department of ESKOM, er sorry, Energy) is eating up all the garbage that ESKOM is spewing to them.

Come on, we (South Africa) can do better than this!

Frank

From: http://www.engineeringnews.co.za/article/sa-working-on-financial-instruments-to-boost-renewable-projects-2009-08-17

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