Energy Services: Market Intelligence Report 2019

The report identifies a total available energy services market in South Africa valued at approximately R125 billion by 2035, driven by rising electricity costs and falling technology prices. It highlights growth in rooftop solar PV, energy storage, and energy efficiency, while detailing the shift from a single-operator utility model to a distributed generation model. Key emerging opportunities include commercial off-the-shelf systems, project bundling, and building modernisation, supported by innovative finance mechanisms like PACE and a growing framework of municipal small-scale embedded generation (SSEG) regulations.

• The total available energy services (ES) market in South Africa, comprising solar PV, energy storage, and energy efficiency, is estimated to be worth approximately R125 billion by 2035.
• The rooftop solar PV market is projected to reach a saturation point of approximately 500 MWp installed per year, potentially totaling 7.5 GW of installed capacity by 2035, with a total available market value of R75 billion by that date.
• The energy storage market is expected to be a critical component of future energy services, with resource adequacy applications estimated at R15-30 billion by 2030 and demand-side management and backup power valued at approximately R5 billion by 2035.
• The annual total available market for energy efficiency is currently estimated at R3 billion and is projected to reach R21 billion by 2035.
• Rising electricity costs are a primary driver for the sector; Eskom prices have tripled since 2009, while inflation has almost doubled in the same period.
• Innovative financing mechanisms are being explored to support the sector, including Property Assessed Clean Energy (PACE), which allows for long-term funding of up to 20 years repaid through property rates.
• Four specific emerging opportunities have been identified: commercial off-the-shelf (COTS) PV systems to reduce design costs, bundling of rooftop PV projects to attract larger investors, a secondary market for PV components, and the modernisation of existing buildings for energy efficiency.
• The draft Integrated Resource Plan (IRP) 2018 allocates 200 MW per annum for embedded generation for own use (between 1 MW and 10 MW) starting in 2019.

APA

GreenCape (2019). Energy Services: Market Intelligence Report 2019. https://greencape.co.za/wp-content/uploads/2022/10/ENERGY-SERVICES-MARKET-INTELLIGENCE-REPORT-WEB-3.pdf

Chicago

GreenCape. Energy Services: Market Intelligence Report 2019. 2019. https://greencape.co.za/wp-content/uploads/2022/10/ENERGY-SERVICES-MARKET-INTELLIGENCE-REPORT-WEB-3.pdf.

Wikipedia

{{cite report |author=GreenCape |title=Energy Services: Market Intelligence Report 2019 |date=2019 |url=https://greencape.co.za/wp-content/uploads/2022/10/ENERGY-SERVICES-MARKET-INTELLIGENCE-REPORT-WEB-3.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greencape2019energy, author = {{GreenCape}}, title = {{Energy Services: Market Intelligence Report 2019}}, institution = {GreenCape}, year = {2019}, url = {https://greencape.co.za/wp-content/uploads/2022/10/ENERGY-SERVICES-MARKET-INTELLIGENCE-REPORT-WEB-3.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }