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Renewable Energy prices likely to drop further

m.engineeringnews.co.za/article/prices-for-renewatble-energy-likely-to-drop-further-suggests-energy-expert-2018-11-07
Prices for renewable energy likely to drop further, suggests energy expert 7th November 2018 BY: KIM CLOETE <m.engineeringnews.co.za/author.php?u_id=1132> CREAMER MEDIA CORRESPONDENT
Prices for renewable energy are likely to continue to drop, while the next utility-scale renewable energy procurements will probably come sooner rather than later, suggests energy expert, Professor *Anton Eberhard*.
“I have no doubt that we will see prices coming down further,” Eberhard told delegates attending the Windaba, in Cape Town, on Wednesday. ADVERTISEMENT <www.engineeringnews.co.za/adcentre/rv/en/www/delivery/ck.php?oaparams=2__bannerid=4591__zoneid=874__cb=cfb247be25__oadest=https%3A%2F%2Fwww.wits.ac.za%2Fapplications%2F>
He said South Africa’s renewable energy auctions are now delivering prices that are cheaper than Eskom’s average costs of supply.
“Even with conservative pricing, all the models, not only from the Department of Energy and the Integrated Resource Plan (IRP) but also the Council for Scientific and Industrial Research and Energy Research Centre at the University of Cape Town (UCT) have all come to the same conclusion . . . that the least-cost mix doesn’t include new coal or new nuclear.”

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