SA’s bidding model facilitates big fall in renewables tariffs – Minister

Energy Minister Tina Joemat-Pettersson reports that South Africa’s competitive-bidding model for the procurement of renewable-energy projects from independent power producers (IPPs) has delivered major cost reductions since its introduction in 2011. Speaking to lawmakers on Tuesday, the Minister said that, in April 2014 terms, the average per kilowatt hour tariff for onshore wind had declined by 55% to an average of 62c, while the solar photovoltaic (PV) tariff had declined by 76% to 79c.