$500 m pack­age for SA’s green en­ergy

Weekend Argus (Saturday Edition) - - NEWS -

A $500 MIL­LION do­na­tion from the world’s wealth­i­est na­tions has brought South Africa closer to its goal of rolling out thou­sands of so­lar wa­ter heaters, scal­ing up grid-con­nected re­new­able en­ergy, and en­sur­ing en­ergy ef­fi­ciency.

The Clean Tech­nol­ogy Fund en­dorsed the fund­ing en­ve­lope.

The fund helps de­vel­op­ing na­tions mit­i­gate the ef­fects of global warm­ing by in­vest­ing in cleaner tech­nol­ogy.

South Africa aims to de­rive four per­cent of its elec­tric­ity from re­new­able en­ergy by 2013, im­prove en­ergy ef­fi­ciency by 12% by 2015 and pro­vide one mil­lion house­holds with so­lar wa­ter heat­ing over the next five years, says the Depart­ment of Wa­ter and En­vi­ron­men­tal Af­fairs.

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