Huge potential ------South Africa is blessed with abundant renewable resources on account of climate condition and geographic location. The annual 24-hour global solar radiation average is about 220 W/m² for South Africa. Regarding to wind power, there is plenty of room for expansion given its theoretical potential to produce as much as 460 000 TWh of electricity per year.
Demand growth -------It was revealed from IEA’s Africa Energy Outlook 2019 that South Africa will witness a demand growth of electricity at nearly 2% per year in the Stated Policies Scenario.
Transitioning------- Coal will continue to play a significant but declining role in electricity generation in the coming years, accounting for 59% of output by 2030. Solar and wind will contribute to 6% and 18% respectively. To be specific, concentrating solar power (CSP) is estimated to grow by 1% while wind power will increase 28.8% between 2010 and 2030.
Attractive investment-------So far, the REIPPP has attracted an investment of $15 billion in the power sector (20% foreign).According to the African Development Bank , around $65-90 billion per year will be needed to achieve universal access to electricity across the continent.