South Africa is the 11th most attractive country in the world for renewable energy investment, revealed a recent story by Ernst and Young.
Yet Eskom CEO Brian Molefe, during his State of the System briefing in Cape Town, claimed that Renewable Energy is a ‘disappointment.’ In response Greenpeace has said:
“Greenpeace condemns the anti-renewable energy propaganda coming from Eskom in the strongest possible terms, at a time when renewable energy projects have added more than 1800MW of installed capacity to the grid in just two and a half years (which equates to 4% of the total installed capacity). In fact, renewable energy is the only technology currently delivering new electricity capacity on time and on budget to South Africa’s constrained grid.
Talk about outdated technology – look no further
If Mr Molefe would like to discuss the use of outdated technology then Eskom need look no further than Eskom’s ailing, and hugely polluting, coal-fired fleet which the utility is looking to refurbish rather than decommission. This at a time when more than half the assets in the global coal industry are now held by companies that are either in bankruptcy proceedings, or don’t earn enough money to pay their interest bills, according to data compiled by Bloomberg.
As companies begin to divest from coal in the face of catastrophic climate change, the evidence that the global economy is moving away from their dependence on coal is clear. This brings to the fore the question of what vested interests are causing Eskom and the South African government to still focus on coal and nuclear energy as a means to power South Africa?
Eskom has disappointed South Africa with a recent history of unreliable supply, rapidly increasing costs and delays in construction of the two mega coal-fired power stations Medupi and Kusile. Coal has failed the people of this country, and instead of capitalising on cutting-edge renewable energy technology, Eskom has further disappointed the fledgling renewable energy industry in South Africa through their inability to plan ahead and timeously connect new renewable energy projects. Lastly, Eskom has disappointed business in South Africa as large-scale load shedding seriously damaged and constrained the economy.
If Eskom fails to build others will
The current position Eskom finds itself in where they are forced to buy electricity from Independent Power Producers talks directly the utility’s lack of ambition and marginal approach to investing in renewable energy project developments. If Eskom lacks the vision to build renewable energy projects themselves then other stakeholders most certainly will, as renewable energy is the power source of the future.
Ultimately, it is time to kick start a thriving renewable energy market that will help remove the barriers to small-scale renewable energy investments and allow all South Africans to benefit from affordable renewable energy.
No more time for vested interests
The time for vested interests setting the agenda is over; it is time for people to take the power back into their own hands. Eskom has a choice to either join the energy of the future or be left behind struggling with an outdated, polluting and unreliable energy model that is taking South Africa nowhere slowly.