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South Africa

Johannesburg-based alternative investment fund manager Jaltech has agreed to provide USD 28.1m to Wetility to help it fund solar and battery systems projects across South Africa. The structured capital partnership, which includes a mix of senior and equity financing, will enable the deployment of more than 16 MW of new solar capacity.
Open energy markets could be the answer to the energy deficit in Africa. However, South Africa’s experience in its transition towards an open market offers several learnings for others. These include taking a gradual approach to unbundling; the importance of strengthening grid access policies; and the need to boost infrastructure development.
South Africa has come up with a Just Energy Transition Implementation Plan that sets out what is needed and how much it will cost to achieve a low carbon economy. The plan also sets out what is needed to build South Africa’s ability to cope with global warming. It also proposes ways to create quality jobs, set up a stable energy supply.
In recent months, Eskom has intensified its small-scale embedded generation (SSEG) registration efforts. In addition to requiring a professional registered with the Engineering Council of South Africa (Ecsa) sign off on the system, Eskom demands that users install smart meters and convert to a time-of-use tariff.

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