Austin said: “We were successful in the awarding and financial closing of the 140MW Garob Wind Farm in Round 4 of REIPP.
“There’s a very good complement between solar and wind in many parts of the country, particularly in the Northern Cape and Karoo. On a smaller scale, it offers a way for farmers to become independent of Eskom and of upward price pressures. Globally on a larger scale for grid connected renewable generators, we are increasingly seeing technology neutral tenders, where wind and solar can freely compete. Currently, in many markets the tariffs for the two technology types is on par.”
He continued: “When we assess a hybrid power project, if there’s a reasonable to good wind and PV resource, we typically see that financially it makes sense to plan PV first, wind second and only then do we consider storage. In other words, it often makes sense given current storage pricing to combine PV with wind before adding storage.”