Eskom considers pumping R106bn investment into wind and solar power

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The state-owned company envisages spending R61.75bn on wind power and R44.25bn on solar energy by the end of the decade

Eskom, which supplies almost all of its electricity from coal-fired power plants, is considering spending R106bn ) on wind and solar energy by 2030.

The potential investment is part of a plan previously communicated by CEO Andé de Ruyter to borrow money from development-finance institutions for projects that would reduce emissions from a company that accounts for two-fifths of SA’s greenhouse gas output. A further 100MW of solar-generation capacity could be built at Komati, the first of the ageing power plants slated to close, and 19.5MW of solar power at the site of the Sere windpower plant.

 

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