Genesis director Davin Chown said the recent signing of power purchase agreements (PPAs) with independent power producers (IPPs) has spurred global energy companies to pursue local partners.
Chown said the signing of the PPAs with 27 IPPs has reinvigorated the Renewable Energy Independent Power Producer Procurement (Reippp) programme.
“Now that the PPAs have been signed, there are a number of international companies that want to come to South Africa.
“They are looking for partners to co-develop projects in South Africa. They are willing to inject investments in this sector,” said Chown.