Cape Town signs R8bn solar deals to cut Eskom reliance
Cape Town has signed its first power purchase agreements with independent solar producers, securing 70MW from plants in Atlantis and Philippi over 20 years at prices expected to be below Eskom’s rates
Cape Town has signed two power purchase agreements with independent solar producers, valuing R8 billion over 20 years. The deals will provide the city with 70MW of solar power from plants in Atlantis and Philippi, reducing its reliance on Eskom. Mayor Geordin Hill-Lewis stated the agreements are crucial for securing cheaper and more reliable electricity for residents.
The city aims to expand its independent power program, targeting up to 700MW from private producers. The two agreements involve 30MW from JEMPEC's plant in Atlantis and 40MW from Make A Difference LLC's plant in Philippi. By linking prices to the Consumer Price Index, the city will avoid Eskom's future price increases and avert nearly two million tonnes of carbon emissions.
Cape Town has already earned R36 million in carbon credits through municipal waste-to-energy initiatives.
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