South Africa Approves $8.8 Billion Clean Energy Plan
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South Africa approved 19 wind, solar and hydropower proposals in a second bidding round, increasing the cost of renewable-energy projects given the go-ahead to 73 billion rand ($8.8 billion) as the nation boosts cleaner energy.
The Department of Energy got 79 bids for 3,255 megawatts in the round and 51 met the qualification criteria, Minister Dipuo Peters said in Pretoria today. Among the winners were Tata Power Co. and Exxaro Resources Ltd.’s Cennergi venture, as well as a group including Acciona SA and Aveng Ltd.