RE: World Bank lends $200m for South African renewables12 Jan 2021 11:52
https://www.bbc.co.uk/news/science-environment-55620848
From a study by Nature Energy via the BBC. This is the highlights of it -
Fossil fuels are set to remain the dominant source of electricity across Africa over the next decade, according to a new study.
Researchers found that around 2,500 power plants are planned, enough to double electricity production by 2030. But the authors say that less than 10% of the new power generated will come from wind or solar.
By 2030, the study suggests that coal, oil and gas will continue to dominate the generation of electricity across 54 African countries, with just 9.6% coming from renewable sources, excluding hydro power.
"In the next few years, we see that renewable energy power plants have, for example, lower success chances than gas and oil."
"We find that the success chances have been improving especially for solar, but for others like wind particularly, they're still quite modest."
South Africa is predicted to add almost 40% of Africa's total predicted new solar capacity by 2030.
"Internationally, we're still using development finance for fossil fuelled plants," said Philipp Trotter.
"The US is heavily investing in natural gas plants in Africa. If you redirect a majority of these funds to renewables, that is when you can really kick start them. That's especially important for a technology like wind, which hasn't really taken off yet in Africa.
- Suggests to me that Lemur has good chance of going all the way and there is going to be money made there. Green credentials may have to wait for the sake of profit. Uptake in VFRBs will be lead by the rest of the world, which is a shame, as the article points out, Africa has the chance to leap frog this polluting technology , in much the same way it did in its adopting of mobile telecoms tech.
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