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SA surges ahead with $10bn in clean energy inv


South Africa has been ranked third, after China and Brazil, in a new country-by-country assessment of 55 renewable-energy markets in Africa, Asia, Latin America and the Caribbean.


The Climatescope 2014 report and index, which has been compiled by Bloomberg New Energy Finance for American and British governments and development agencies, shows that clean-energy investments in developing countries have outpaced those in developed countries.
 

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It also calculates that the installed base in developing countries has more than doubled in the past five years to 142 GW, which is slightly above the total installed capacity of France.
China, Brazil, South Africa, India, Chile, Uruguay, Kenya, Mexico, Indonesia and Uganda are ranked in the top 10, with South Africa having surged ahead with nearly $10-billion worth of clean energy investment in the last two years.


South Africa, the study found, accounted for almost 90 percent of investments in sub-Saharan Africa during this period and was second-best globally on Climatescope’s ‘Clean Energy Investment’ ranking, based on the cumulative growth rate in 2012/13 of clean-energy investment – Uruguay led the ranking.


Solar accounted for the largest share of clean-energy investment to date, with a total of $6.7-billion out of the $9.4-billion invested in South Africa since 2006.


The study indicates that the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) has transformed the sector since its introduction in 2012. Prior to the REIPPPP reverse auctions, only $0.6-billion had been invested in renewables.


However, the country still performed poorly (36th) on the ‘Enabling Framework Parameter’, owing to its low electricity prices and other market-limiting developments, such as the fall in power demand in 2013. Only its clean energy policies scored well, the report notes.


South Africa also scores highly for the quotient of locally based financial backers, which amounted to $2-billion of the total $9.4-billion.


“South Africa’s commercial banks have been major supporters of renewables and the main reason the country achieved a good score on the local investment indicator. Investment has also come from government institutions and asset managers within the country,” the study says, highlighting the role of the Industrial Development Corporation, which has financed 16 clean-energy projects to date. However, the country’s largest deal in 2013 was the Eskom Upington solar thermal electricity generating plant, which did not fall under the REIPPPP.


The Eskom project will cost $1.2-billion, with all debt provided by development finance institutions. The next largest deal was ACWA Power’s 50 MW Bokpoort solar thermal plant at a cost of $506-million, followed by Cennergi’s Amakhala Emoyeni wind farm, at $412-million.


Overall, Climatescope 2014 has also found that developing nations represent a large and rapidly growing share of the world’s clean energy investment.


From 2008 to 2013, Climatescope countries added 142 GW of new, non-large hydro renewables capacity, which represented a 143 percent growth rate. By comparison, developed countries added 213 GW, posting a clean energy capacity growth rate of 84 percent.


“The results suggest renewable technologies can be just as cost-competitive in emerging parts of the world as they are in richer nations,” the study asserts, adding that developing countries are rapidly strengthening their policy frameworks to support more clean energy investment.
 

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BAD WEEK FOR MANCHESTER CITY

6th February 2023

After falling to close the gap on Arsenal by losing to a record breaking goal by Kane at the Tottenham stadium.Manchester City now find themselves being charged by the Premier League with more than 100 breaches of its financial rules following a four-year investigation.

According to BBC , it has referred the club to an independent commission over alleged rule breaches between 2009 and 2018 , and also that Man-city has not been co-operating since the investigation which started in 2018 .

BBC further states that The commission can impose punishment including a fine , points deduction and expelling the club from the Premier league.

The alleged breaches include ,  breaching rules for requiring full details of manager remuneration,from 2009-2010, to 2012-2013 seasons when Roberto Mancini was in charge . Also player remuneration between 2010-2011 and 2015-2016.

The Premier league stated that City breached rules related to UEFA regulations , including Financial Fair Play , from 2013-2014 to 2017-2018 ,as well as Premier League rules on profitability and sustainability from 2014-2016 to 2017-2018

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South Korean Embassy aids students living with disabilities

6th February 2023

South Korean Ambassador in South Africa has donated e-learning equipment through Botswana Red Cross Society (BRCS) to Tlamelong Rehabilitation Centre in Tlokweng recently, in a bid to fine tune the student’s textile skills.  

When talking at the handing over ceremony, Chull-Joo Park, said they agreed with BRCS to give out e-learning equipment to better the training skills of students living with disabilities.

“With the Information and Communication Technology (ICT) equipment and job training skills, we will be able to help the students living with disabilities to do e-learning and to better their education and job training,” said Chull-Joo Park.

It was revealed that the South Korean Embassy approached BRCS with the intent to donate equipment and educational material that includes an embroidery machine, photo copier machine, tablets and interactive boards to be utilized by the trainees.

The industrial printer is a machine that works with embroidery machine to print designs for clothing and it will enable the learners to have more material available to them to facilitate learning.

Through this embroidery machine, students will be exposed to better technologies which ultimately improve the quality of materials they produce. It will also allow students to learn business skills and run profitable ventures.

Smart board gadgets will provide the students with an elevated learning process to be fostered by e-learning. The gadgets provide a more visual element to the learning process, which in turn improves learner mental retention.

Tlamelong Rehabilitation serves the marginalized and underserved less privileged persons living with disability in Botswana. The center offers boarding services, vocational training, social services, physiotherapy and rehabilitation services for young people living disabilities aged 18-35 from across the country over a period of two (2) years per cohort which has a maximum intake capacity of 35. BRCS through International Federation of the Red Cross and Red Crescent Societies (IFRC) have managed to create great working synergy with the South Korean Embassy in Pretoria based in South Africa to support or augment the National Society’s Rehabilitation Centre’s learning challenges.

For his part, BRSC Secretary General Kutlwano Mokokomani said they are delighted to convey their gratitude as BRSC to the South Korean Embassy for donation and they look forward to an enduring partnership for such worthy causes.

“South Korean Embassy’s great gesture will enable trainees to thrive, to fulfil their dreams to become a reality as this equipments will go a long way in creating great impact in the lives of trainees and their families. We wish to convey our sincere gratitude to the South Korean Embassy for their noble gesture of donating the E-learning equipments.”

BRCS offers rehabilitation services spread across three (3) areas in Botswana being Sefhare Stimulation center in Sefhare, Tshimologo stimulation center in Francistown and Tlamelong rehabilitation center in Tlokweng.

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DIS alleges plot to kill Masisi hatched in South Africa

6th February 2023

A dispute is brewing between Botswana and South Africa intelligence agencies over alleged mercenary training camps discovered in South Africa by the Directorate of Intelligence and Security (DIS). 

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