South African Renewables Initiative (SARI)
|Focus area||Renewable energy (unspecified)|
|Type of action||Strategy/Policy|
|Submitted to UNFCCC registry||No|
|Start of initiative||2004|
|Financing and support details|
|Financing status||Seeking financing|
|Total cost||8450 mln|
|Financing requested|| |
|Financing received to-date|| |
|Principal source of financing||Bilateral|
|Principal type of financing||Other|
|Capacity building required||Yes|
|Technology transfer required||Yes|
|Proponent(s)||Government of South Africa|
|International funder(s)||Denmark, Germany, Norway, the UK, European Investment Bank, World Bank|
|Organization providing technical support|| |
The South African Renewables Initiative aims to mobilise domestic and international funding, and sector expertise, to support South Africa to scale-up renewable energy.
Activities: (2012 - 2030)
The following activities will be undertaken:
- Integrated energy planning with an ambitious plan for renewables.
- Support renewable energy as part of a policy for industrial growth.
- Developing a framework for independent power producers.
- Developing a strategy for affordability.
- Grid infrastructure and development.
- Ensuring viable procurement agreements and terms.
- Increasing the historically low electricity tariff.
- Ensuring a fair market.
- Providing policy-enabled financing.
Impact and MRV
|Cumulative GHG reductions: 575 MtCO2e|
No information has been provided on mitigative capacity
|Social:|| Positive health effects associated with the displacement of coal by renewables.
|Economic:|| There will be economic benefits from the localisation of parts of the global value chain of renewables, notably manufacturing, construction, operations and servicing and and research and product development. It is estimated that 35,000 - 40,000 jobs could be created at peak.
There will also be energy security benefits from the additional reserve of capacity from renewables generation.
There may be negative localised economic impacts from the competition for and and water resources with farmers, households and amenity users which will have to be addressed. There should be safeguards in place and measures to ensure that local communities benefit from the rollout of renewables projects.
|Environmental:|| Reduction in atmospheric pollution and greenhouse gases.
No MRV plan has been defined