Hopes solar project will lure private sector investment
“We know solar panels are an energy system – if it’s going to reduce energy usage, we’re going to have to invest in solar. We know solar panels are an energy system – if it’s going to reduce energy usage, we’re going to have to invest in solar. Why are we subsidising solar power?
“It’s actually good for the st카지노ate. We see lots of potential for solar – it’s what’s needed.”
While the price of land could bring down construction costs, the majority of the solar panels built in the US are not needed and may even end up as waste.
In South Africa, the country’s largest private rooftop project by far, has a new 50 megawatt solar farm, which Mr Naidoo called “a great example of solar being a business”.
This comes after Mr Naidoo criticised the government for having a “mishandling of progress” on the Clean Energy Finance Corporation, a government-financed $15bn loan scheme.
As the company now requires private funding, the government has been able to reduce its interest rate – from 22% earlier this year to less than 2%.
The $5bn solar project by the private group Solar Power South Africa would initially start producing electricity when its solar farm goes live and are due to be completed in 2017.
But Mr Naidoo said it should no김천출장샵t be confused with solar farm companies that have solar farms in other parts of Africa, such as Senegal and Liberia, which are not yet under the direct control of the government.
For those two countries to benefit from the government’s new technology, he said South Africa still has to take in some money from investors.
“South Africa has to support our economy to take advantage of the renewable energy that will be developed,” said Mr Naidoo.
He said that if investors can’t come in for their money now, they would not invest in South Africa if the country is not a solar power country.
“I think many companies are really, really interested in the solar energy industry but it’s only a beginning. We still need a lot of private investment in South Africa because the government isn’t committed to support solar,” he said.
‘It is very dangerous’
The announcement comes as solar farm giant SunPower faces a fresh wave of negative investor coverage following the collapse of a $11.3bn loan to a 카지노톡solar-based power company backed by hedge fund managers Pau