South Africa is shooting up the global rankings in its investment in renewable energy in for 2012 – punching way above its weight by moving into the top ten category.
South Africa has been one of the most aggressive investors in renewable energy over the past year, sharing its top ten status with countries like China, the US, Germany and Japan.
China is streets ahead of anyone in terms of investment over the past year, with the Asian giant ploughing US$ 64.7 billion into investment in renewable energy in 2012, nearly double that of the US and triple that of Germany.
But the Renewables 2013 Global Status Report shows that South Africa is holding its own, investing more than both Brazil and France in 2012, and ranking just below India.
The Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme is propelling the growth, with the sector keenly awaiting the announcement on Tuesday October 29 of the preferred bidders for the programme’s third bid window.
Read more.....
South Africa has been one of the most aggressive investors in renewable energy over the past year, sharing its top ten status with countries like China, the US, Germany and Japan.
China is streets ahead of anyone in terms of investment over the past year, with the Asian giant ploughing US$ 64.7 billion into investment in renewable energy in 2012, nearly double that of the US and triple that of Germany.
But the Renewables 2013 Global Status Report shows that South Africa is holding its own, investing more than both Brazil and France in 2012, and ranking just below India.
The Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme is propelling the growth, with the sector keenly awaiting the announcement on Tuesday October 29 of the preferred bidders for the programme’s third bid window.
Read more.....
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