1/5 Guys, this is insane and a game changer on so many levels. It's sending shockwaves through the South African #renewables industry. @DMRE_ZA just announced only 6 Preferred Bidders, all PV totalling 860MW, all outside Western and Eastern Cape regions. Not a SINGLE wind bid
https://twitter.com/DMRE_ZA/status/1600753182145056769
@DMRE_ZA 2/5 This is against a #REIPPPP BW6 procurement target of 1000MW PV, 3200MW wind and a nationwide stage 6 #Loadshedding backdrop as we speak. You may wonder what the heck happened here??? Let me explain using #Eskom transmission's most recent grid capacity assessment (GCCA)...
3/5 The Apr 22 GCCA states that there are 1820MW left for grabs in the Western Cape+1600MW in the Eastern Cape. The vast majority of SA's wind projects (advanced development) are in these provinces. WC received about 4791MW of wind&solar bids, EC 872MW wind according to our intel
4/5 developers saw the grid capacity window closing fast in these two provinces, went for private offtake instead, applied for their Eskom budget quotes (for grid connection) ahead of BW6 and thereby reserved ALL of the grid capacity that was left in these two provinces...
5/5 So, private offtake is now completely eclipsing public #REIPPP procurement and we will see close to 3.2GW of new wind capacity (possibly some of that PV, tbc) be announced and go into construction for commercial & industrial buyers of electricity in the next 12-18 months
Kudos to #Eskom here for taking the hard route and being true to their transmission and distribution licensing conditions by allowing fair (first come first served) access to all market participants
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