solar

Solar Energy Could Save SA Billions

The United Nations Environment Programme (UNEP) says South Africa could save up to R3.7 billion per year by changing completely to solar-powered energy-efficient light bulbs.

In its latest report, the UN agency, which assessed what gains could be achieved by 80 countries should they shift to solar-powered alternatives, argues that should South Africa change over, the country would be able to repay the conversion costs in nine months.

Loan Agreements for Wind Project

Eskom has signed two loan agreements totalling US$365 million with the African Development Bank, which will enable it to implement a renewable wind and solar generator.

In a press statement, Eskom CEO, Brian Dames, points out that, "We are committed to a cleaner energy future and we now have the capability to implement our large-scale wind and solar generation projects.”

The loan will go towards financing Eskom's 100MW Sere Wind Project in Vredendal, Western Cape.

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