Reports highlight most promising green economy investment opportunities in South AfricaGreenCape's 2023 market intelligence reports (MIRs) identify key developments in energy, electric vehicles, water and sustainable agriculture. Watch the investment opportunities summary video: Click South African non-profit organisation GreenCape has released the 2023 edition of its annual green economy market intelligence reports. The reports, available to download free from https://www.green-cape.co.za/market-intelligence/, highlight the most promising market opportunities in key green economy sectors in South Africa. The reports are published in partnership with the UK’s Partnering for Accelerated Climate Transitions (PACT) programme, the Friedrich Naumann Foundation for Freedom, and the Western Cape Government Department of Agriculture. Antony Phillipson, British high commissioner in South Africa, said: “Through the UK’s PACT programme and our partnership with GreenCape we are helping South Africa to deliver its ambitions for a just transition to a low carbon economy, including by providing technical assistance for the renewable energy market. These new reports will help to attract investment into the green economy by identifying market opportunities, as well as key players, and policy and regulatory developments.” “The Sustainable Agriculture 2023 MIR is a valuable resource for the industry and provides important information on some of the cutting-edge best practices and technologies in the sector. Agriculture is dependent on natural resources which are finite and also vulnerable to climatic conditions hence research contributing to improving the resilience of primary agriculture and agri-processing serves a critical role,” said Minister Ivan Meyer, Western Cape Department of Agriculture. “We are thrilled to support the publication of GreenCape’s market intelligence reports which play a pivotal role in driving much needed investment into South Africa’s energy, water, agriculture and electric mobility sectors,” said Cecelia Kok from the Friedrich Naumann Foundation. “For South Africa and its people to prosper, the just transition must succeed. The reports help to promote the transition by providing invaluable information to green economy investors.” The market intelligence reports provide an overview of the national markets in energy, electric vehicles and water, and regional Western Cape market for sustainable agriculture. This includes sections highlighting key developments and achievements, the key players, legislation and regulation, market opportunities and challenges, as well as funding opportunities. Energy services 2023 MIRDownload the full report here: Click The term energy services (ES) is used to describe three interrelated energy market segments in the South African energy space, namely small scale embedded generation (SSEG) (encompassing system sizes <1 MWp); energy storage; and energy efficiency (EE). Rising electricity prices, energy insecurity, dropping technology costs, supportive energy policies, and policy related incentives prompt consumers to explore alternative energy options driving the growth of the ES market in SA and creating a thriving value chain. Positive regulatory movement, investor sentiment, and steady recovery in the key commercial, industrial, and agricultural sectors have led to continued market growth in 2022. The market is still expected to reach a total capacity of 10 GWp by 2035 at a market value of ~R100bn. This steady growth, which translates to the potential creation of ~1,250 jobs, is significant in the South African context, considering the ongoing need to reduce the current unemployment rate. Energy services investment opportunities highlighted for 2023:
Electric vehicles 2023 MIRDownload the full report here: Click The emerging electric vehicles market currently represents a small share of the South African automotive industry, but presents substantial opportunities for businesses and investors active and interested in the sector. Four key market opportunities that have been identified as attractive sectors for investment in the EV industry in South Africa:
Large-scale renewable energy 2023 MIRDownload the full report here: Click Large-scale renewable energy investment opportunities highlighted for 2023:
Water 2022 MIRDownload the full PDF here: Click Water investment opportunities highlighted in the 2023 MIR:
Sustainable Agriculture 2023 MIRDownload the full PDF here: Click Sustainable agriculture investment opportunities highlighted in the 2023 MIR:
GreenCape’s support to businesses and investorsThrough close working relationships with businesses, investors, government, and academia, GreenCape’s sector desks are in a unique position to collect, create, and disseminate free market intelligence on the green economy. Get in touch to explore these investment opportunities in greater depth. Lowering carbon emissions is at the heart of the global climate change narrative, but a green economy will mean so much more for the people of South Africa. A green economy is an inclusive economy with decent jobs underpinned by sustainable, meaning efficient, clean and profitable infrastructure solutions that will create and sustain jobs and well-being for this generation and the generations to come. A green South African economy is socially inclusive and environmentally sustainable.
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