RENEWABLE ENERGY POLICY 771/871 (30 March - 4 April 2020)

The South African White paper on Renewable Energy (RE) has set for itself a target of 10 000 GWh of renewable energy (RE) by 2013. It has identified solar, wind, biofuels, small-hydro, landfill-to-gas and other renewable energy sources as development potential in South Africa.

The course participant will get to understand how the policy environment influences the financial aspects and project design of RE initiatives in South Africa. The participant will get to be familiar with a range of policy instruments, the financial structuring tools needed to attract investors, and how to use alternative financial sources, like carbon finance, outside of the commercial financial institutions to ensure financial viability of projects.

To achieve this general learning outcome, course participants will:

  • understand the most important policy and legal mechanisms in place to facilitate the development and investment in RE;
  • understand some of the global trends in policy, and how other countries have supported RE;
  • have a good grasp of the barriers to RE implementation and risks;
  • be able to use specific financial concepts and tools that can influence RE project design and financial structuring;
  • the student will be appraised of the policy and financial realities of RE and what attracts investors;
  • learn about carbon finance, green certificates and demand side management as sources of alternative finance;
  • will be taken through a landfill-to-gas case study to demonstrate how investment decisions are made and work;