Eskom’s R161-billion renewable energy transition delayed
The implementation of South Africa’s energy transition plan, backed by an $8.5 billion climate finance agreement from several major countries, is facing a delay of two to three months. The plan aims to transition the country away from coal and toward renewable energy sources.
Challenges related to re-skilling workers from coal-dependent communities and limitations on the ability of state utility Eskom to take on further loans and government debt guarantees have contributed to the delay.
The Just Energy Transition Partnership, which includes countries like France, Germany, the US, and the UK, aims to support South Africa’s transition away from coal which currently provides over 80% of the country’s power.
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