Market News
SolarAfrica's green light: Eskom approves Northern Cape solar farm budget quote
SolarAfrica, a renewable energy company, is set to commence the construction of its solar farm project in the Northern Cape following the allocation of an Eskom grid budget quote (BQ). This BQ is a key component of Eskom's strategy to integrate additional renewable energy megawatts from independent power producers into the grid, aiming to meet demand and enhance the national energy supply security.
SolarAfrica emphasises its commitment to meeting Eskom's stringent criteria after obtaining a BQ under the Energy Action Plan. A pivotal requirement is establishing a customer base committed to consuming wheeled energy through virtual power purchase agreements (VPPAs).