South Africa’s renewable energy sector has a lot of potential for growth. With load shedding and power cuts Eskom, the national electric power supplier of South African individuals and businesses is turning to renewables to relieve the strain.
Unfortunately, there are many drawbacks to this as the South African infrastructure cannot handle a diversified energy mix as well as decentralized one. Moving towards renewables is supported by city and regional officials as this will help reducing energy cost for consumers and the release of more environmental destructive fumes.
Eskom however, could also be threatened as more people and businesses off the national grip will result in lost revenue and therefore minimizing Eskom operational capacity. The reliability of the South African energy provider will prompt more companies to seek more sustainable options for their own business survival.
The Mining sector is already looking in to renewable energy as an option for more reliable energy supply. According to Fin24 , the pace of investment in renewable energy is expected to accelerate in the coming years as a result of a significant drop in renewable energy prices.
South Africa is still an ideal location for renewable energy investment. It is a prime location for solar and wind energy. Renewable could lead to South Africa becoming a great location for electrical intensive industries like manufacturing, mining and raw material processing.
By Mokgethi Mtezuka