South Africa To Invest $5.4B In Renewable Energy
Capacity: 1,400 MW of electricity.
Investment volume: $5.4 billion.
First part program encompass 28 wind and solar projects.
Operational date: between 2014 and 2016.
Current dependency on coal for electricity: 85%
Total installed capacity: 41,000 MW.
Another 19 projects are selected for phase two of the program.
Phase one + two: 3,725 MW renewable energy until 2016.
Another 3,200 MW planned until 2020.
Next to this more than 9,000 MW of new electricity produced from coal, gas, regional hydro and co-generation at industrial plants by 2025.
Other plans include a tender for 9,600 MW worth of nuclear power.