SA photovoltaic association welcomes imminent signing of PPAs
The South Africa Photovoltaic Industry Association (SAPVIA) congratulates the Minister of Energy, Mr Jeff Radebe, and the DoE, on the announcement made earlier today that the REIPPP Programme will proceed and that the outstanding Power Purchase Agreements (PPAs) will be signed within days.
The reinvigoration of the prgramme will bring much needed investment into the South African economy, as well as secure current jobs and manufacturing investments in the sector. In addition, many new jobs and opportunities will be created for communities surrounding these projects, supporting what is a vibrant growing industry.
By confirming dates for the financial close of the Round 3.5 and Round 4 projects, Government is sending out a signal that we have indeed reached a new dawn with the leadership changes under President Ramaphosa. This will revitalize long term investor confidence both local and international, investment and more specifically job creation and retention in this market. R58 Billion of investment, more than 15 000 jobs and 2305MW of energy added to the mix is only the beginning of what this industry can achieve.
The signing of the PPAs and the attention given to both the expedited round and the smalls programme will fast track the delivery of employment opportunities, industrialization opportunities, social development programmes and the benefits of community ownership, all of which are common features of all REIPPPP projects.
These announcements send a positive message to the market that the Government is committed to ensuring renewable energy plays its part in the future energy mix in a manner that ensures economic transformation of the sector, and ultimately broader economic participation of South Africans in renewable energy.
SAPVIA plans to engage with the Minister and his DoE team positively over the next months, and welcome the forward movement in the RE IPP Programme. We are committed to working together with the Department to address issues around transformation in the sector and agree that the IRP and IEP need to be concluded.
SAPVIA remains committed to engaging with the Government, Ministry and DoE in building an energy future that is participatory, transformational and that delivers benefits to the South African economy and its people.