The success of the Renewable Energy Independent Power Producer Procurement programme (REIPP) in South Africa has been celebrated as a victory for alternative energy generation in Africa.
We recognise the importance of renewable energy and have assisted in bringing 121.5MW of renewable energy to the national grid through three projects. These projects are part of Standard Bank Group’s commitment to fund more than 940MW of renewable energy under the REIPP initiated by the South African government.
Watch this video to find out more about these projects http://bit.ly/1qgHj7J.
The projects combined will offset over 80,000 tons of carbon dioxide emissions a year and save 80 million litres of water that would have been used for power generation from coal fired power plants.
Renewable energy projects are essential for sustainable development and serve as a powerful reminder that diversifying our energy mix is vital to producing reliable electricity at reasonable costs for homes and businesses.
We believe the drive towards renewable energy has proven that we can find innovative funding solutions in developing nations, supporting a sustainable environment in Africa.
View our renewable energy infographic here http://bit.ly/1inTiAf, for more information on the three projects that have recently come online in South Africa.