South Africa plans to invest over $120 billion to drive energy transition

South Africa plans to invest R2.23 trillion ($129bn) in a comprehensive strategy to transition away from coal-fired power, minister of electricity and energy Kgosientsho Ramokgopa announced on 19 October.

The investment, a part of the country’s new electricity masterplan – integrated resource plan (IRP) 2025 – marks a major shift in South Africa’s energy mix, with hydro, nuclear, wind and solar generation expected to surpass coal-based capacity by 2030.

The new policy adjustments also deviate from the least-cost scenario to include an increase in the minimum load factor to 50pc for gas-to-power (GtP) plants, proposed for construction by 2030.

Source: Argus Media