Senior International Banker & Head: Power, Utilities and Infrastructure
Absa’s Colin King and Bhavtik Vallabhjee how investors are focusing on renewable energy.
In this instalment of the 2019 Absa Insights Series, Bhavtik Vallabhjee, Senior International Banker & Head: Power, Utilities and Infrastructure, Absa CIB and Colin King, Principal: Resource and Project Finance, Absa CIB discuss the Renewable Energy Independent Power Producer Procurement (REIPPP) Programme.
- Prior to 2010, there were 27 Independent Power Projects (IPP) in Sub-Saharan Africa. Today there are 102 in South Africa alone thanks to the REIPP project.
- The future of global energy is ‘green’. The price of gas versus coal speaks to this. It’s therefore an opportunistic time to leverage the energy market.
- Investors are focusing on renewable energy solutions amidst increasing challenges around the coal industry.