GreenCape Market Intelligence Report 2014: Renewable Energy

The report examines South Africa's renewable energy landscape in 2014, detailing the regulatory framework, utility-scale and private markets, and the manufacturing of components. It highlights the role of the Integrated Resource Plan (IRP) and the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in driving capacity, while noting grid constraints and the importance of the Western Cape as an industry hub.

• The Integrated Resource Plan (IRP) targets 42% of all new planned power stations in South Africa to be renewable energy, with a general goal of procuring at least 20 GW of renewable energy by 2030 as supported by the National Development Plan.
• Under the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), South Africa contracted just under 4,000 MW of power. Specific allocations include 1.8 GW for wind and 1.4 GW for solar PV.
• Bidding for utility-scale projects has seen rapid price reductions. For example, average wind prices dropped from R1.14/Kwh in Round 1 to R0.74/Kwh in Round 3, and solar PV prices fell from R2.75/Kwh in Round 1 to R0.99/Kwh in Round 3.
• Grid capacity and the ability to evacuate power are increasing constraints. Developers are responsible for bringing power to a substation, and matching suitable sites to substation locations is challenging due to unsuitable land and associated costs.
• The private renewable energy market is in its infancy but growing, driven by falling PV prices and increasing electricity costs. The Western Cape accounts for 51% of private PV installations, followed by Gauteng at 30%.
• The Western Cape serves as the industry's home base; of the 64 successful projects bid in the first three rounds, 39 (over 60%) were bid by developers based in the province.
• Local content requirements are attracting manufacturers to South Africa. In the wind sector, tower manufacturers DCD in Coega and Gestamp in Atlantis have been established, while the Western Cape hosts various PV module and inverter manufacturers.

APA

GreenCape (2014). GreenCape Market Intelligence Report 2014: Renewable Energy. https://greencape.co.za/wp-content/uploads/2022/10/MIR2014-Renewable-Energy2-3.pdf

Chicago

GreenCape. GreenCape Market Intelligence Report 2014: Renewable Energy. 2014. https://greencape.co.za/wp-content/uploads/2022/10/MIR2014-Renewable-Energy2-3.pdf.

Wikipedia

{{cite report |author=GreenCape |title=GreenCape Market Intelligence Report 2014: Renewable Energy |date=2014 |url=https://greencape.co.za/wp-content/uploads/2022/10/MIR2014-Renewable-Energy2-3.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greencape2014greencape, author = {{GreenCape}}, title = {{GreenCape Market Intelligence Report 2014: Renewable Energy}}, institution = {GreenCape}, year = {2014}, url = {https://greencape.co.za/wp-content/uploads/2022/10/MIR2014-Renewable-Energy2-3.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }