SOUTH AFRICA’S flourishing renewable energy market has seen the highest year-on-year growth globally, a Moody’s Investors Service report says.
Christopher Bredholt, a Moody’s vice-president, senior analyst and the report’s author, said: “The South African renewable energy market has grown rapidly over the last five years or so, and there is rising demand for renewables debt.
“South Africa was the continent’s largest renewables market in 2015 in terms of asset finance for utility-scale projects and it saw the highest year-on-year growth globally.”
The report says SA’s debt market for renewable energy projects was supported by credit-positive developments, including a significant fall in renewable electricity costs, growth of independent producers and the likely increased role of institutional investors.
Read more.....
www.iol.co.za/capetimes/sa-going-green-fastest-2073591
Christopher Bredholt, a Moody’s vice-president, senior analyst and the report’s author, said: “The South African renewable energy market has grown rapidly over the last five years or so, and there is rising demand for renewables debt.
“South Africa was the continent’s largest renewables market in 2015 in terms of asset finance for utility-scale projects and it saw the highest year-on-year growth globally.”
The report says SA’s debt market for renewable energy projects was supported by credit-positive developments, including a significant fall in renewable electricity costs, growth of independent producers and the likely increased role of institutional investors.
Read more.....
www.iol.co.za/capetimes/sa-going-green-fastest-2073591
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