Where is the South African Photovoltaic (PV) market heading?

By H Hashem, CSP Today

 

Published in:

Electricity+Control, July 2014 (pages 42-43)

Enquiries: Visit www.csptoday.com

 

Read the full article on Where is the South African PV market heading? in PDF format.

 

A recent survey by PV Insider on the commercial development and sustainability of the South African photovoltaic market revealed some surprising results on the near-term expectations for revenue growth, market drivers and business development strategies.

With a total target of 9 770 MW worth of PV deployments by 2030 following the policy-adjusted Integrated Resource Plan (IRP), and with the rollout of the Renewable Energy Independent Power Producer Procurement (REIPPP) programme, the South African Photovoltaic (PV) market has shown tremendous growth potential for developers, manufacturers and service providers.

According to the results of the survey by PV Insider which interviewed more than 100 leading professionals, nearly half of the participants have witnessed a revenue increase in the South African Photovoltaic (PV) market over the past year, while about 42% said their revenue streams had remained constant.

 

Take note

  • Renewable energy resources must be exploited.
  • The South African Photovoltaic (PV) market can play a significant role in the future energy mix of this economy.
  • The South African Photovoltaic (PV) market is on a steep upward curve of project development.