Eskom, which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending R106 billion on wind and solar energy by 2030.
The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from coal by taking advantage of the nation’s abundant wind and solar resources.
The state-owned company envisages spending R61.75 billion on wind power and R44.25 billion on solar energy by the end of the decade, a company presentation seen by Bloomberg shows. Some of the projects are planned on the sites of coal-fired plants that are scheduled to close. Eskom confirmed the presentation and the costs without giving further detail.
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