Renewable energy fee beneficial

2010-03-30 21:08
Pretoria - A renewable energy feed-in tariff (Refit) would benefit the country, the SA Wind Energy Association (Sawea) said on Tuesday.

"Refit would be beneficial as the penetration of renewable energy into the market largely hinges on investment security and with Refit, the risk premium required by investors can be minimised by the high level of price security in the system," Sawea deputy chair Mark Tanton said.

He was addressing a National Energy Regulator of SA (Nersa) hearing in Pretoria on the selection criteria for renewable energy projects under the Refit programme.

According to Nersa, a Refit is a mechanism to promote the deployment of renewable energy that obliges certain institutions to buy the output from qualifying renewable energy generators at pre-determined prices.

"Tariffs are high enough to cover investment costs and provide a reasonable rate of return," Tanton said.

Jobs and development

Refit had a strong track record as it had proved to be a success internationally, he said.

"The use of Refits improves access to finance for developers, which in turn promotes the development of an indigenous renewable energy industry."

Tanton said the development of a robust industry in turn encouraged job creation and opened up opportunities for black economic empowerment and the integration of historically disadvantaged people during industry initiation and expansion.

There were a number of important elements that made up a good Refit, he said.

These included providing tariffs for all potential developers, ensuring financial security, removing barriers to grid connection and developing an appropriate administrative and application process.

Other important elements were ensuring public acceptance of the Refit mechanism and limiting and moderating producer surplus.

Nersa was holding hearings over two days on the selection criteria for renewable energy projects under the Refit programme.

Read more on:    nersa  |  solar power  |  wind power
NEXT ON NEWS24X

linking and moving

2015-04-22 07:36

SHARE:

Read News24’s Comments Policy

Inside News24

 
/South Africa
 

Middle-seat kids: Why are they special?

Limited legroom, a siblings on each side... the middle seat has long been considered the short straw in a car but does it have a secret?

 

Stay safe

Middle-seat kids: Why are they special?
Juvenile pillion riders? Play safe...
First-aid kit: What you need in YOUR car
Hey, lazy! Get outta the disabled bay!
Horoscopes
Aquarius
Aquarius

The energy today is expansive and philosophical. It is easy to see the bigger picture, but you can end up getting lost in it, so...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.