Business Monitor International


South Africa Renewables Report

Published 08 July 2014

  • 42 pages
 
$1,295.00
South Africa Renewables Report

BMI View: We have upwardly revised our wind and solar capacity and generation forecasts this quarter as the South African renewables market continues to strengthen. The attractive regulatory environment, high investor interest, the strong project pipeline and lack of delays in bringing projects online underpin our positive outlook for the sector.

We have been following the South African Renewable Energy Independent Power Producer Programme (REIPPP) since inception in 2011, highlighting that the programme has gone from strength to strength. Investor interest has been notably high amongst European companies - such as Mainstream Renewable Power, Total, Enel Green Power, EDF and Vestas - who are looking for attractive alternatives to their flat domestic markets.

Key Trends And Developments

  • In February 2014, South Africa-based Umoya Energy's 66MW Hopefield wind farm, in South Africa's Western Cape, started operating commercially. The construction of the project began in late 2012. The project was built with the support of CONCO and Power Westland, with Vestas Southern Africa supplying turbines for the facility.

  • It was announced in May 2014 that all 60 wind turbines at the 138MW Jeffreys Bay wind park in Eastern Cape province, South Africa have been commissioned, after the last turbine was erected in February. The facility has been developed by a Globeleq-led consortium and consists of 60 2.3MW turbines supplied by Siemens.

  • US solar firm SolarReserve completed the Lesedi and Letsatsi solar photovoltaic PV projects, in the Northern Cape and Free State provinces in May 2014. The two projects, with a combined installed capacity of 150MW, have a 20-year power purchase agreement with Eskom. A consortium including SolarReserve, the Infrastructural, Developmental and Environmental Assets Managed Fund, Kensani Group, GCL-Poly Energy Holdings and Intikon Energy provided funding for the projects.

  • Eskom imposed rolling blackouts on March 6 2013, as...

Table of Contents

BMI Industry View
5
SWOT
6
Industry Forecast
8
South Africa Renewables Forecast Scenario
8
Table: South Africa Total Electricity Generation Historical Data And Forecasts, 2011 - 2016
8
Table: South Africa Total Electricity Generation Long Term Forecasts, 2017 - 2022
9
Table: South Africa Electricity Generating Capacity, Historical Data And Forecasts, 2011 - 2016
10
Table: South Africa Electricity Generating Capacity Long Term Forecasts, 2017 - 2022
11
Table: REIPP Capacity Target- 2016
12
South Africa Renewables Projects Database
17
Table: Renewables Projects - South Africa
17
Industry Risk Reward Ratings
20
South Africa Renewables Risk/Reward Ratings
20
Rewards
20
Risks
21
Market Overview
22
Sustainable Energy Policy and Infrastructure
22
Targets (Renewables and Emissions)
22
Subsidies
23
Infrastructure
24
Competitive Landscape
25
Vestas
25
-lectricit- de France
25
Tata Power
26
Glossary
27
Table: Glossary of Terms
27
Methodology
28
Methodology and Sources
28
Industry Forecasts
28
Renewables Industry - Data Methodology
29
Power Risk/Reward Ratings Methodology
30
Table: Power Risk/Reward Indicators
32
Sources
33

The South Africa Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in South Africa. The report also contains historical data together with forecasts to end-2017 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in South Africa, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in South Africa, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's South Africa Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the South Africa renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for South Africa to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the South Africa renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in South Africa, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2017 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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