Norway’s Scatec ASA, the biggest solar power producer in South Africa, is considering direct sales to consumers who are struggling to secure a reliable electricity supply amid rolling blackouts.
“We are involved in a number of different negotiations, mainly with mining companies,” Scatec Chief Executive Officer Terje Pilskog said in an interview. “We’re also looking at local platforms, where we can build out projects and basically sell to multiple off-takers,” which would allow for sales to smaller entities.South Africa Sees Deal With China to Secure Solar Panels
South Africa’s electricity minister said he expects to seal a deal with the Chinese government next week that will help solar-power installers in the African nation secure access to panels for projects needed to tackle its energy crisis. The matter will be discussed on the sidelines of a summit of leaders from the BRICS group of leading emerging-market powers that starts Aug. 22 in Johannesburg, Kgosientsho Ramokgopa said in an interview with Bloomberg TV in the city on Thursday.South African Reserve Bank Leaves Door Open to More Hikes
South Africa’s central bank remains concerned by the risks to the inflation outlook from food prices and power cuts, and may resume hiking interest rates if they materialize, said Deputy Governor Fundi Tshazibana. “We’ve been very clear this is not a solid pause, because the risks remain significant,” Tshazibana said in an interview with Bloomberg television on Thursday, citing double-digit food inflation. “There are a number of vulnerabilities and risks that we are seeing,” she said.--With assistance from Paul Burkhardt and S'thembile Cele.
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