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South Africa sees 5,500 MW more renewable energy online by 2026

June 13, 2023 at 04:59 am EDT

JOHANNESBURG (Reuters) - South Africa expects more than 5,500 megawatts (MW) of additional renewable energy projects to come online by 2026, electricity minister Kgosientsho Ramokgopa said on Tuesday.

South Africa sees 5,500 MW more renewable energy online by 2026

He added that 66,000 MW of wind and solar projects were under development across the country.

South Africa is in the midst of its worst electricity crisis ever, with households and businesses facing hours of daily scheduled power cuts due to repeated breakdowns at state utility Eskom's ailing fleet of coal power stations.

But some analysts have started to turn more optimistic that the government will make progress in reducing the intensity of the power cuts, helping the rand currency recover from a record low touched on June 1.

(Reporting by Promit Mukherjee; Writing by Nellie Peyton; Editing by Alexander Winning)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TOPIX INDEX	2,755 PTS	+0.64%	+0.87%	-
DOW JONES SOUTH AFRICA(ZAR)	2,059 PTS	-1.02%	-0.86%	-
DOW JONES AFRICA TITANS 50 INDEX	478.4 PTS	-1.13%	-1.92%	-
S&P AFRICA 40 INDEX	164.2 PTS	-1.71%	-1.64%	-
EURO / SOUTH AFRICAN RAND	19.96 ZAR	+0.82%	+0.48%	-
US DOLLAR / SOUTH AFRICAN RAND	18.45 ZAR	+0.91%	+1.01%	-

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