Saturday, May 25, 2024

Wind Energy Industry Urges For Green Economic Recovery Plan


The South African Wind Energy Association (SAWEA) is pushing for a green economic recovery plan, which should consider renewable energy as one of the main components of the government economic stimulus package post-COVID-19.

The COVID-19 pandemic has brought a severe strain on the economy of South Africa resulting in disruption of capital flows, increased unemployment rates, and growing debt burdens.

In his address on 21 April, President Cyril Ramaphosa stated: “Central to the economic recovery strategy will be the measures we will embark on to stimulate demand and supply through interventions such as substantial infrastructure build programmes…”.

To achieve a sustainable and lasting economic recovery, these actions should focus on long-term impacts, as well as the short-term need to generate growth and jobs, SAWEA argues.

It is expected that the energy demand will start ramping up as the country eases lockdown conditions in line with published lockdown levels, and additional energy capacity will be required. Therefore, SAWEA says the government should take measures to stimulate demand by moving decisively to electrify the economy. Read more…

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