{"id":74368,"date":"2021-10-29T11:04:08","date_gmt":"2021-10-29T08:04:08","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=74368"},"modified":"2021-10-29T11:06:35","modified_gmt":"2021-10-29T08:06:35","slug":"s-africa-earmarks-3-3-bn-for-clean-energy-projects","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2021\/10\/s-africa-earmarks-3-3-bn-for-clean-energy-projects\/","title":{"rendered":"S.Africa earmarks $3.3 bn for clean energy projects"},"content":{"rendered":"<p class=\"header\"><span class=\"city\">Johannesburg<\/span>,\u00a0<span class=\"country\">South Africa<\/span>\u00a0<span class=\"sep\">|<\/span>\u00a0<span class=\"provider\">AFP<\/span>\u00a0<span class=\"sep\">|<\/span>\u00a0<span class=\"date\">Thursday 10\/29\/2021 &#8211; 01:59 UTC+3<\/span>\u00a0<span class=\"sep\">|<\/span>\u00a0<span class=\"wordcount\">207 words<\/span><\/p>\n<p>Coal-dependant South Africa on Thursday announced it was ploughing 50 billion rand ($3.3 billion) into 25 wind and solar\u00a0projects in an effort to shift towards clean energy and boost production.<\/p>\n<p>Energy minister Gwede Mantashe said the deals with private producers would add 2,583 MW of contracted capacity to the grid &#8212; a boost of roughly 4.5 percent on current capacity.<\/p>\n<p>&#8220;More investment in grid infrastructure is a critical requirement to ensure participation by cheaper renewable projects in future,&#8221; he told a news conference.<\/p>\n<p>The first projects are not expected to come on line until April 2024 at the earliest.<\/p>\n<p>The continent&#8217;s most industrialised nation is struggling to meet its energy needs.<\/p>\n<p>Rolling blackouts, a part of life since 2007, are hampering economic growth and stifling job creation in a country with more than 34 percent unemployment.<\/p>\n<p>The ruling African National Congress admitted it was facing a voter backlash over the blackouts, as it struggles to rally support for local government elections next week.<\/p>\n<p>Coal provides 80 percent of South Africa&#8217;s power, placing it among the world top 12 largest greenhouse gas emitters.<\/p>\n<p>The country is seeking to highlight its efforts to wean itself off coal in the run-up to the UN&#8217;s COP26 climate summit in Scotland.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Johannesburg,\u00a0South Africa\u00a0|\u00a0AFP\u00a0|\u00a0Thursday 10\/29\/2021 &#8211; 01:59 UTC+3\u00a0|\u00a0207 words Coal-dependant South Africa on Thursday announced it was ploughing 50 billion rand ($3.3 billion) into 25 wind and solar\u00a0projects in an effort to shift towards clean energy and boost production. Energy minister Gwede Mantashe said the deals with private producers would add 2,583 MW of contracted capacity to [&hellip;]<\/p>\n","protected":false},"author":12327,"featured_media":73543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1359,808],"tags":[2271,2270,159],"coauthors":[],"class_list":["post-74368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa","category-energy","tag-clean-energy-projects-in-africa","tag-energy","tag-south-africa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>S.Africa earmarks $3.3 bn for clean energy projects - Capital Business<\/title>\n<meta name=\"description\" content=\"Johannesburg,\u00a0South Africa\u00a0|\u00a0AFP\u00a0|\u00a0Thursday 10\/29\/2021 - 01:59 UTC+3\u00a0|\u00a0207 words Coal-dependant South Africa on Thursday announced it was ploughing 50 Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2021\/10\/s-africa-earmarks-3-3-bn-for-clean-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S.Africa earmarks $3.3 bn for clean energy projects\" \/>\n<meta property=\"og:description\" content=\"Johannesburg,\u00a0South Africa\u00a0|\u00a0AFP\u00a0|\u00a0Thursday 10\/29\/2021 - 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