Renewables Investment in South AfricaMark Scott
In the world of renewable energy, Africa remains an ‘also-ran’ behind Europe, North America, and Asia. But on Mar. 31, South Africa — the Continent’s largest energy producer — took a small step to change that when the government announced a so-called ‘feed-in’ tariff that guarantees a stable rate-of-return for renewables projects. Similar state price fixing has spurred billions of dollars of investment in Europe’s green energy industry, and South Africa is hoping its plan will tap into growing investor interest in renewables.
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