Energy Minister Dipuo Peters said the department had been working closely with the preferred bidders in Window 1 to conclude all contract documentation. "I'm pleased to announce that the country will receive about R47 billion of investment in renewable power generation through Window 1 preferred bidders," she said.
The country's Integrated Resource Plan (IRP2010) - a 20-year projection on electricity supply and demand - stipulates that about 42% of electricity generated in South Africa is required to come from renewable resources. According to Allafrica.com, the investment will provide job opportunities, especially for those in rural areas, where renewable power plants are located.
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