Energy Services: Market Intelligence Report 2018

The South African energy services market, comprising small-scale embedded generation (SSEG) and energy efficiency, is driven by rising electricity costs and falling technology prices. The rooftop solar PV market is particularly strong in the commercial and industrial sector, with a projected total available market of R75 billion by 2035. Energy storage is identified as a future keystone of the SSEG market, with a potential value of R14.5 billion by 2035. Energy efficiency opportunities are estimated to reach R21 billion by 2035, with significant potential in green building and manufacturing. The report also highlights innovative financing mechanisms like Property Assessed Clean Energy (PACE) and the role of the Western Cape as a regional greentech hub.

• The rooftop solar photovoltaic (PV) market in South Africa is growing, with an estimated total available market of R5 billion annually and a projected total of R75 billion by 2035. This growth is expected to reach a saturation point of approximately 500MWp installed per year, potentially creating 14 jobs per MWp installed.
• The commercial and industrial (C&I) sector is the primary driver of rooftop solar PV investment, accounting for approximately 70% of new national installations due to higher energy needs and larger available roof spaces.
• Energy storage is projected to become a critical component of the future energy services market, with a potential market size of R14.5 billion by 2035. This growth is driven by the need to replace 3.5 GW of gas-fired power and Eskom's requirement for 2 GW of additional daily balanced energy storage to integrate renewable energy.
• The energy efficiency market is estimated to have a current annual total available market of R3 billion, which could grow to R21 billion by 2035, potentially resulting in annual energy savings of up to 30TWh.
• Property Assessed Clean Energy (PACE) is an innovative financing mechanism being explored in South Africa. It allows for long-term funding (up to 20 years) for resource efficiency projects, with repayments made as a 'special assessment' on the property's rates bill, making the project permanently affixed to the property.
• Regulatory shifts at the municipal level are liberalising the electricity market. As of the 2017/18 financial year, 35 municipalities have published small-scale embedded generation (SSEG) regulations, and 21 have NERSA-approved tariffs.
• The Western Cape is positioned as Africa's green economy hub, offering a critical mass of cleantech companies, R&D capabilities through five universities, and investment incentives via the proposed Atlantis Greentech Special Economic Zone (SEZ).

APA

GreenCape (2018). Energy Services: Market Intelligence Report 2018. https://greencape.co.za/wp-content/uploads/2022/10/GreenCape-Energy-Services-2018-MIR-25052019-3.pdf

Chicago

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Wikipedia

{{cite report |author=GreenCape |title=Energy Services: Market Intelligence Report 2018 |date=2018 |url=https://greencape.co.za/wp-content/uploads/2022/10/GreenCape-Energy-Services-2018-MIR-25052019-3.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greencape2018energy, author = {{GreenCape}}, title = {{Energy Services: Market Intelligence Report 2018}}, institution = {GreenCape}, year = {2018}, url = {https://greencape.co.za/wp-content/uploads/2022/10/GreenCape-Energy-Services-2018-MIR-25052019-3.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }