18 Mar '12, 1pm

South Africa Aims for Green Jobs as well as Clean Energy as 2nd Round

South Africa Aims for Green Jobs as well as Clean Energy as 2nd Round

The South African government concluded its second round of bidding to develop renewable energy projects the first week of March. While final results have yet to be disclosed, Standard Bank Group (SBK), the largest lender on the African continent, agreed to provide financing for 31 renewable energy projects worth as much as 19 billion South African rand (SAR) (~$2.5 billion). This adds to the SAR8.2 billion ($1.08 billion) it agreed to finance in a first round of bidding, which took place last November, according to a Bloomberg News report . A total of 79 bids were received in the second round of renewable energy project bidding. The Dept. of Energy expects to finish evaluating them on May 11. Standard Bank South Africa agreed to provide senior debt underwriting wind and solar photovoltaic (PV) projects with a total generating capacity of 1,454 MW, SBK’s head of power finan...

Full article: http://cleantechnica.com/2012/03/18/south-africa-aims-for...

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