South Africa’s energy minister snubs US$1 billion green energy MOU with Denmark and the Netherlands

News Flash

  • Bloomberg reports that South Africa’s Minister of Mineral Resources and Energy Minister, Gwede Mantashe, refused to sign a US$1 billion green energy MOU agreement and did not attend a high level meeting between President Cyril Ramaphosa and the presidents of Denmark and the Netherlands because it was drafted without his input.
  • Other government officials signed the pact.

Mantashe, a staunch communist, has been accused of obstruction and delaying the procurement of renewable energy in the country in favour of preserving coal fired generation. Since taking office in 2019, not a single electron of new generation capacity has been added the country’s grid which adds the country’s energy crisis woes. Read more

South African’s face up to 16 hours of daily blackouts this winter. Read more

State-backed firms from the Netherlands will help create a $1 billion green hydrogen fund for investment in South African projects as part of Dutch and Danish investments in renewable energy announced at an event in Pretoria last week attended by the leaders of the three countries. Read more

Author: Bryan Groenendaal

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