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Eskom accelerates establishment of a separate Renewable Energy Business

Eskom is fast-tracking the creation of a separate Renewable Energy Business and has opened a tender for companies with experience in setting up renewable energy operations. The new unit will run independently from Eskom’s main business to improve governance, and compete more effectively in the market.

“Agility and efficiency is at the heart of preparing for a competitive marketplace and ensuring we serve our current and future customers with the electricity supply solutions they require.   We are now a year into our turnaround strategy and we are not just focused on ending load shedding, at the same time we are pivoting Eskom into a sustainable and competitive company while ensuring security of supply,” said Dan Marokane, Eskom’s Group Chief Executive.

Marokane also said “To make a meaningful impact in the renewables space we recognised that the most cost-effective way to do this is to bring in at the start some new skills, thinking and expertise to set our Eskom teams up for success in the business,  so through knowledge transfer we can execute strategic initiatives in a competitive market faster and more efficiently. The creation of our renewable energy business also forms part of Eskom’s focus both in this country and internationally to identify the latest developments and strategies to reduce carbon emissions and other air pollutants,” he continued.

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The power utility says it remains focused on a balanced and diversified energy mix based on existing coal and nuclear and introducing gas for baseload power, as well as renewables, energy storage systems including BESS (Battery Energy Storage Systems) and pumped hydro, to achieve overall security of supply and to meet South Africa’s growing electricity demand in a sustainable manner.

Eskom has an executable initial pipeline of at least 2GW of clean energy projects by 2026 and has developed a pipeline of more than 20GW of clean energy projects to diversify its energy mix.