The Minister said this when she tabled her maiden Budget Vote Speech in Old Assembly Chamber on Friday.
She said as part of government's energy mix, renewables remain one of the key areas for the country to achieve its mandate of energy security.
"We need to acknowledge that there was uncertainty around the Independent Power Producer (IPP) programme. We will need to evaluate whether or not the programme is assisting us to achieve our objective as initially outlined.
"We need to reflect what are the lessons learned so far and what needs to be improved. We will look at the final report from the two teams of the Department of Public Enterprises and Department of Energy and will act accordingly," she said.
The Minister said renewables are one of the most critical tools for government to achieve radical economic transformation.
This, she said, will be done by ensuring that instead of discussing shareholding by black business, efforts are made to ensure that ownership patterns are changed.
"We need to look at how best to assist SMMEs [small, medium and micro enterprises], which are interested in participating in this programme. We will need to ensure that conducive conditions are created to see them grow and not condemned to debt. We will engage National Treasury to ensure that the guarantees we sign are for securing and supporting the participation of SMMEs," she said.
She said government sees the IPP programme's future as being critical to the country's developmental goals.