Shem Oriere, African Correspondent06.13.19
The ongoing drive by South Africa to transform itself into a low carbon economy through implementation of an ambitious renewable energy new build program promises to create additional opportunities for manufacturers of solar PV solar cells that could drive growth in the utilization of conductive inks.
South Africa is in a race to generate an additional 29,000MW of electricity by 2030, with an estimated 20,000MW of the new capacity coming from renewable energy and liquefied natural gas according to the country’s Department of Energy.
Under the ongoing Renewable Energy Independent Power Producer Programme (REIPPP), which has so far attracted nearly $15 billion in investments, South Africa is seeking to generate 4,900MW of solar PV from independent power producers (IPPs), and an additional 4,725MW by the Department of Energy. This initiative is expected to be a key driver in growth in the manufacture of solar cells.
And in what could trigger fast growth So
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