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South Africa Open Again for Renewables After Auction Turmoil

Lawmakers are aiming to get South Africa’s once-buoyant renewable energy market back on track with a new bid window for 1.8 gigawatts of capacity. The bid window, South Africa’s fifth, is due to kick off in November and could be worth 50 billion rand ($4 billion).

Speaking at a Johannesburg conference in June, South African Energy Minister Jeff Radebe made it clear the investment was aimed at creating jobs and stimulating the local economy.

“The intention is to enhance local manufacturing to ensure investment and economic growth as well as the opportunity to encourage opportunities for black industrialists and the development of black independent power producers,” he said, according to a Bloomberg report.

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