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Eskom clash with renewable sector worrying - analyst

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Cape Town – The standoff between Eskom and the renewable energy sector is concerning and has effectively crippled the momentum of an industry that generated high foreign investment and put South Africa at the forefront of renewable energy uptake.

This was the view of financial risk consultancy JCRA in partnership with the Centre for Economic and Business Research (CEBR), which released a paper on Tuesday in which it measures the cost of Eskom’s rebuff of renewables to the South African economy. 

In July 2016, Eskom’s former CEO Brian Molefe announced that it would not sign any independent power producers onto the South African grid, citing the high costs of renewable energy and its unreliability in terms of base load energy as reasons for its decision. 

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