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Social ownership of South Africa’s renewable energy sector

Renewable energy plans can create 50,000 jobs (With Video), Business Live 7 Feb 12 The Department of Energy will seek to ensure that government commits R22 billion over the next five years to green projects and aims to create 50,000 jobs in the renewable energy sector. This was revealed by Energy Minister Dipuo Peters who was speaking at a National Union of Metalworkers of South Africa (Numsa) conference on Monday, which was looking at social ownership of SA’s renewable energy sector.

“We want to ensure that the state, through its entities, invests R22 billion in green projects with a commitment of R3 billion towards local manufacturing in the next five years, and at the same time create 50,000 jobs in the renewable energy sector,” Peters said.

She also emphasised that foreign companies can invest in SA’s energy sector, but they must bring with them their technology so that local companies can adopt it.

“The renewable energy drive in China could succeed because companies relocated; based in China, where intimately they perfected the technology and now they’re exporting the technology to SA. So we are also saying as part of our requirement for localisation, let us insist
that these companies that want to invest here, they must bring this
technology to SA.” … http://www.businesslive.co.za/southafrica/sa_markets/2012/02/07/renewable-energy-plans-can-create-50000-jobs-with-video

February 8, 2012 - Posted by Christina Macpherson | renewable, South Africa