Understanding South Africa’s REIPPP Program for Renewable Energy

South Africa's REIPPP Program
“South Africa’s REIPPP Program: Pursuing Investment Returns and Socio-economic Gains” is available for download now.

In 2003, South Africa’s Department of Minerals and Energy released the Renewable Energy Policy White Paper, which envisioned the integration of renewable energy technologies into the mainstream energy economy. Having initially explored and set targets using the Renewable Energy Feed-in-Tariff (REFIT) model, by 2011 the restructured Department of Energy scrapped it in favor of a competitive bidding process – the Renewable Energy Independent Power Producer Procurement (REIPPP) Program.

While its strong legal framework, competitive bidding process, and treasury backing have contributed to the success of REIPPP, it has been the integration of socio-economic and enterprise development priorities that has led to the program being hailed a sound model for other developing countries and has made South Africa one of the top 10 renewable energy independent power producers (IPP) investment destinations in the world.

In South Africa’s Renewable Energy IPPP Program: Pursuing Investment Returns and Socio-economic Gains Fireside’a Mmakgantsi Mafojane explores the unique aspects of the plan that drive its success; outlining both why it has avoided much of the fallout of other renewables programs and why many are calling it a promising model for future development.

 

 

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