Energy & Science
Eskom Considers $7.2 Billion in Wind and Solar Investment by 2030
- Utility is seeking to transition away from use of coal
- Energy minister is concerned about potential job losses
Photographer: Dwayne Senior/Bloomberg
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Eskom Holdings SOC Ltd., which supplies almost all South Africa’s electricity from coal-fired power plants, is considering spending 106 billion rand ($7.2 billion) on wind and solar energy by 2030.
The investment plan, which Eskom could carry out by itself or in partnerships, is the most detailed demonstration yet of the utility’s ambition to move away from coal by taking advantage of the nation’s abundant wind and solar resources.