News

08/02/2013 - 09:20

A new analysis from research firm Bloomberg New Energy Finance has concluded that electricity from unsubsidised renewable energy is already cheaper than electricity from new-build coal and gas-fired power stations in Australia.

The modeling from the BNEF team in Sydney found that new wind farms could supply electricity at a cost of $80/MWh –compared with $143/MWh for new build coal, and $116/MWh for new build gas-fired generation.

30/11/2012 - 22:36

South Africa has the capacity to draw 20% of its energy requirements from renewable sources such as wind and the sun, substantially alleviating the current pressure on the national grid and bringing electricity to a wider audience.

In a nutshell, the renewable energy sector couples with mining as the most vital industries for bringing economic development, financial reward and job creation to rural South Africa.

30/11/2012 - 19:06

Rural communities in the Eastern Cape are to benefit financially from the wind farm projects which are to spring up in the province from next year.

Speaking at the European Union-Eastern Cape Renewable Energy Conference at the East London International Convention Centre yesterday, wind farm developers said rural communities living in a 50km radius of wind farms in the province would receive equity which would be administered in the form of community trusts.

30/11/2012 - 18:59

Landowners, mainly farmers, stand to reap huge financial rewards from the renewable energy independent power producer (IPP) procurement programme, Windlab SA MD Peter Venn said on Monday.

The Department of Energy earlier this year awarded Windlab preferred bidder status for two wind projects with a total capacity of 230MW. The renewable energy projects will provide the landowners with a consistent stream of income for 20 years. The project will sell the power to Eskom under 20-year power purchase agreements.