75% of battery storage from renewable energy plants in the country will be located in the Western Cape, as revealed by Eskom in yesterday’s Standing Committee on Finance, Economic Opportunities, and Tourism.
As part of a loan agreement with the World Bank, Eskom has committed to install a number of clean energy projects in South Africa, 75% of which will be located in the Western Cape as it is the only province which meets the loan’s stringent criteria of infrastructure quality and sound and stable governance.
This is further proof of the quality of governance under a DA-led government in the province which stimulates industry and fosters greater trade, growth, and innovation for our residents.
Deidré Baartman, MPP says: “This is great opportunity for the Western Cape while showcasing the style of clean and effective governance in the province under the DA. This will also drive the shift away from the ‘single buyer’ model for IPPs and will promote direct purchases, wheeling, and energy trading. All this development will attract investors, produce improved potential returns, and create new business cases in the Province.”
The DA in the Western Cape continues to work on creating an enabling environment for companies, homes, and communities to access clean, affordable energy and making a substantial contribution to national energy security.