A new study has confirmed that by 2050 a 100% renewable energy system would be the cheapest, most job-rich option for South Africa.
The study, entitled, “Pathway towards achieving 100% renewable electricity by 2050 for South Africa“, modelled the current electricity scenario against a 100% renewable energy transition, taking into consideration South Africa’s load into the future. It emerged that not only would renewable energy be able to meet South Africa’s electricity demand, but it would be the lowest-cost option – even if GHG emissions costs were not considered.
In tough economic times, the operational cost-savings are imperative, and business is already fully aware of the cost savings that solar PV can provide. But in the bigger picture, the country’s transition to a completely renewables-based electricity system will also save money, reduce emissions and make the country more resilient to climate change.
Given the facts that are out there, South Africa has some important policy decisions to make. Let’s start with the IRP 2019.
Until next month,
CEO SOLA Group email@example.com