INVESTIGATING THE FINANCIAL CLOSE OF PROJECTS WITHIN THE SOUTH AFRICAN RENEWABLE ENERGY INDEPENDENT POWER PRODUCER PROCUREMENT PROGRAMME

Authors

  • Ian Pieters Graduate School of Technology Management, University of Pretoria
  • Marco Lotz Graduate School of Technology Management, University of Pretoria
  • Alan Colin Brent Department of Industrial Engineering, and the Centre for Renewable and Sustainable Energy Studies, Stellenbosch University

DOI:

https://doi.org/10.7166/25-3-912

Keywords:

Renewable energy, independent power producers, financial closure.

Abstract

South Africa may have a generation capacity shortage in the near future. The Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) is playing an important role in creating generation capacity to fulfil future demand requirements. This investigation focused primarily on identifying the problems that have been experienced with projects in the programme (e.g., to reach financial close). The research showed that there is good alignment between the requirements in the request for proposals and those from financiers. Several issues caused delays in projects reaching financial close. However, respondents to this study indicated that the REIPPPP is well thought out and that several problems are being addressed successfully. 

Author Biography

Alan Colin Brent, Department of Industrial Engineering, and the Centre for Renewable and Sustainable Energy Studies, Stellenbosch University

Professor of Engineering Management and Sustainable Systems in the Department of Industrial Engineering, and the Associate Director of the Centre for Renewable and Sustainable Energy Studies, Stellenbosch University

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Published

2014-10-21

How to Cite

Pieters, I., Lotz, M., & Brent, A. C. (2014). INVESTIGATING THE FINANCIAL CLOSE OF PROJECTS WITHIN THE SOUTH AFRICAN RENEWABLE ENERGY INDEPENDENT POWER PRODUCER PROCUREMENT PROGRAMME. The South African Journal of Industrial Engineering, 25(3), 57–68. https://doi.org/10.7166/25-3-912

Issue

Vol. 25 No. 3 (2014)

Section

General Articles

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