Cape Town Signs R8bn Solar Deals to Cut Eskom Reliance

Cape Town signs R8bn solar deals to cut Eskom reliance

Cape Town signs 20-year deal to buy solar power from IPP’s

  The City of Cape Town has officially started reducing its reliance on Eskom by buying cheaper electricity from local solar producers, aimed at making power more affordable for Capetonians over time.   The City yesterday announced it had concluded two Power Purchase Agreements (PPAs) to buy up to a total of 70MW from independent producers, at cheaper rates than Eskom. More agreements will be announced in the coming months under a competitive te…

Cape Town Seals First Agreements To Buy Power At Below Eskom Rates

Cape Town Mayor Geordin Hill-Lewis says the City has concluded its first power purchase agreements as it buys up to a total of 200MW from independent producers at cheaper rates than Eskom. Cape Town is the first South African city to reduce Eskom reliance by buying power on the open market as the metro works [...]