Investors increases support to $6.65 million for SA’s private sector renewable energy initiative
- EIB and DBSA commit an additional €100 million each to the renewable energy initiative.
- Total funding for the initiative now stands at €600 million ($665.39 million).
- The initiative aims to generate 384 MW of new renewable energy capacity.
The increased funding for renewable energy projects in South Africa is a significant step towards achieving energy resilience and sustainability. This initiative not only supports the transition to cleaner energy but also has the potential to create numerous jobs and stimulate economic growth. Continued investment in renewable energy is essential for combating climate change and ensuring a reliable energy supply for businesses.
