Thursday, November 5, 2009

Wind Power

Those who have been following the Eskom proposed tariff hike saga will no doubt be painfully aware that the strong likelihood is that in 2012, we will be paying 5 times more for electricity than we were last year.

The equation is that if you take the recent tariff hikes of 27.5% and 31.3% respectively, and factor in the three 45% expected increases, it works out to just more than 500% in total. While the mere thought sends shivers down our spines, it would appear that perhaps there is light at the end of the tunnel.

Irish developer Mainstream Renewable Power plans to spend €850 million (R9.9bn) building 18 wind farms in South Africa over a five year period. Business Report quotes chief executive, Eddie O'Connor as having said that they are on track to build its first facility at Jeffreys Bay next year, and that the group expects to begin generation in 2011.

Whether when or how this is going to impact on pricing is unclear at this stage, it is however a very exciting prospect. Wind is something that we certainly have no shortage of in this country and CLEAN energy simply has to be the way forward ….. it makes me want to get behind them.

Let us know what you think, CLICK HERE for link to forum thread.

Ernest Roper


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