It follows the landmark regulatory change announced by president Cyril Ramaphosa in August 2021, where Schedule 2 of the Electricity Regulation Act was amended to extend the limit over which a private power project must apply for a Generation Licence, from 1MW to 100MW.
Sola’s largest shareholder and equity partner in the projects, African Rainbow Energy, CEO Brian Dames, said: “At the recent South Africa Investment Conference, African Rainbow Energy committed to invest R3 billion in the economy. These projects are starting to realise this commitment as well as the African Rainbow Energy’s commitment to use new technology to provide large scale clean power solutions for the economy.
Following this registration, the expected financial close of these projects is in July, following which the projects will require a construction period of 14 months in order to reach Commercial Operation Date. The projects have an expected lifetime of 30 years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung South Africa boosts SME development with its Accredited Service Centre programmeSPONSORED: Samsung.South Africa is in the business of boosting SA's SMME sector through improved services at the new Accredited Service Centre programme. To find out more, visit:
Source: mailandguardian - 🏆 2. / 92 Read more »
The hidden cost we are paying in South Africa right now: Pick n Pay chairSouth Africa’s towns and cities are taking severe strain and service delivery is making it incredibly difficult to do business, says Pick n Pay chair Gareth Ackerman.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Banks send price hike warning to South AfricaAfter two years of lockdown restrictions, the war in Ukraine, and the return of a higher inflation environment, it seems the chickens have come home to roost, say analysts at Absa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
COVID-19: South Africa now integrating Covid into routine care for mothers and babiesCOVID-19: South Africa now integrating Covid into routine care for mothers and babies Whilst pregnant women are not at risk of contracting Covid-19, it still has a high impact on maternal mortality - and now, Covid-19 is to be added into the routine m...
Source: TheSAnews - 🏆 25. / 59 Read more »
Toshiba’s 2022 TV range is coming to South Africa this monthToshiba brought its outstanding TVs back to the South African market just over a year ago, and they have proven to be incredibly popular.
Source: mybroadband - 🏆 11. / 67 Read more »
It’s not worth driving into the office anymore in South Africa, workers sayNew data from Microsoft shows a clear change in South African working habits over the last year, as what employees want from work and what they are willing to give in return have changed significantly. Of course not! Paying almost 40% tax PER LITER OF FUEL and that AFTER your money was ALREADY TAXED, is pure daylight robbery! It isn’t at all. WFH most days and twice a week in the office has me using only 1/4 of my tank per month. Also when WFH I literally get out of bed and on to my work,no time wasted on getting ready and traffic,so I get a lot more done and still have time to rest and meet deadlines
Source: BusinessTechSA - 🏆 24. / 61 Read more »