The City of Cape Town is appealing to private and public sector financiers to help it improve its plans to reduce greenhouse gas emissions. This includes submission proposals for low-cost financing of renewable energy projects that will be owned and operated by the city, such as News24 reports.
According to Mayco’s member for finance, deputy mayor, Ian Neilson, “The program will consist of a number of projects ranging in size from less than 1 MW to 100 MW per project and all projects will be located on land. and city-owned buildings, usually in the city’s distribution network.
Neilson further said they hope to have a ground-based solar photovoltaic (PV) plant built and operated by the city by around 2022/2023. This is in addition to the plan to buy some of its power from independent power producers in the future.
As BusinessTech reports, the member of the city mayor’s committee for energy and climate change Phindile Maxiti states that: “The city has always believed that local governments have the constitutional power and the obligation to procure renewable energy and this is necessary to move away from relying solely on Eskom for energy reserve. “
“A stable and cleaner energy supply will also give the economies of Cape Town and other municipalities across the country a boost towards a sustained recovery from the impact of the Covid-19 pandemic on the economy,” adds Maxiti.
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