Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Eskom wants to be solar giant

Oct 12 2010 06:25 Reuters

Related Articles

World Bank fingers SA labour costs

Eskom finalises funding plan

Eskom needs more money for Kusile

Power hike strike averted - for now

World Bank to probe Eskom loan

 

Top Stories

Budget broadly welcomed

Feb 22 2012 22:25

Political parties and others have broadly welcomed Finance Minister Pravin Gordhan's proposed 2012/13 Budget.

Change way provinces are run - Gordhan

Feb 22 2012 21:06

Finance Minister Pravin Gordhan has called for sweeping changes to be made in the way provinces are run.

Domestic workers to get provident fund

Feb 22 2012 16:12

The state will start provident funds for domestic and farm workers by next year and look into medical schemes for the security sector.

 
Share Share line Print

Johannesburg - Power utility Eskom said on Monday it expects to become a dominant solar energy player as it seeks to reduce its carbon footprint, with plenty of funding available to pay for renewable ventures.

Eskom relies on coal for more than 90% of its power supply, but has vowed to invest in renewable energy and more efficient coal technologies to reduce its absolute carbon dioxide emissions, which totalled 225 million tonnes in its last financial year, from 2025.

Steve Lennon, managing director for corporate services, said that while a 100MW wind farm should come on stream by early 2012 and a 100 MW solar thermal plant commissioned by 2015, the state-owned utility was already planning beyond that.

"As a minimum we would see very close to 2 000MW in solar thermal by 2030, but with a possibility of a lot more depending on how the business case comes out," he told Reuters in an interview.

Eskom's solar thermal plans go parallel with a 5 000 MW solar park planned by the government, where the first megawatts are expected to be produced as soon as 2012.

The organisers have said that already having more than 1 000 MW based on solar would make the renewable source cost competitive with traditional coal-fired power.

 
 
Comment on this story
45 comments
Add your comment
Comment 0 characters remaining
Tech Tonic - The real problem with job creation
Feb 21 2012 12:46

Anthony De Rosa sits down with Venture for America founder and CEO, Andrew Yang, to talk about the real issues in job creation.

Sasha

"It sounds much cleverer to be bearish, it makes it sound like you know something about the future that nobody else does. ... The reason why the economy does better, businesses do better, people innovate and companies make more money than the previous year (and their share prices go up) is because ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...