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Ilya Likhov, a high-tech entrepreneur, visionary and founder and CEO of Neosun Energy discusses the impact that opening Neosun branches in South Africa has had, and how solar energy helps local enterprises overall... NEOSUN Energy #bizpressrelease

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In episode 4 of 'Addressing the Energy Crisis in South Africa' on Future Cities Africa we dive deep into the evolving landscape of electricity wheeling and the concerted effort by South African municipalities like Msunduzi Municipality - City of Choice to embrace renewable energy solutions. - Decarbonizing Local Energy Msunduzi Municipality highlights the urgent need for policy frameworks around electricity wheeling in the municipality, emphasising collaboration with entities like South African Local Government Association, Sustainable Energy Africa, National Energy Regulator Of South Africa, and Eskom Holdings SOC Ltd. The goal? To unlock a model of green, affordable, and secure energy, with a significant shift towards renewable sources. - Benefits and Challenges The discussion reveals that renewable energy not only promises to keep municipal energy models competitive but also ensures no reduction in sales volume, job creation, and revenue enhancement through more efficient energy consumption. However, hurdles such as high deposit requirements for using the Eskom Network and the need for clearer guidelines from stakeholders like Eskom are part of the complex challenge facing municipalities today. - Future-proofing Energy Models James Beatty, CEO at Enpower Trading speaks on the pressing need for municipalities to decarbonize and adapt to cleaner energy models, emphasizing the role of technological capacitation and the creation of a supportive regulatory framework to fast-track these initiatives. - Electricity Trading and Private Sector Involvement Further discussions covers the importance of private sector involvement for enhancing municipal revenue streams and grid stability. James highlights how electricity trading could serve as a catalyst for economic growth, enhancing the aggregation and blending of green energy across regions. - The Road Ahead The episode closes with a hopeful outlook on the potential for municipal-private partnerships to drive sustainable development in the energy sector. This collaborative approach could be key to navigating the complex energy landscape, ensuring equitable resource distribution, and fostering economic resilience. ** Presented by Enpower Trading ** Watch, Listen or Read Summary: https://lnkd.in/dSkYwE5i #EnergyTransformation #RenewableEnergy #MunicipalDevelopment #Sustainability #SouthAfrica #ElectricityWheeling #PublicPrivatePartnership

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Could FSCA licenses be the growth catalyst crypto needs? https://lnkd.in/dapzqdYC Samukele Mkhize | Head/MLRO | Country Compliance | South Africa | Binance |  As a global leader in the cryptocurrency industry, we recognise the significance of the South African Financial Sector Conduct Authority’s (FSCA) recent decision to include cryptocurrencies within its licensing legislation. This move comes at a crucial time for the evolution of crypto as an investment asset class in South Africa, signalling the maturation of the local crypto market and a step towards integrating digital assets into the mainstream investment ecosystem... #crypto #license #cryptocurrency #consumerprotection #digital Samukele Mkhize Binance

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[Future Cities Africa Clip] Dr Thina Nzo (Ph.D) explores the governmental roles in advancing green hydrogen development in South Africa. At the national level, the president is pursuing international investments and partnerships for the country's Just Energy transition and economic growth. The Premier's office, specifically in the Northern Cape province, plays a significant role in this initiative. At the local level, district municipalities, such as Namakwa, are expected to contribute to regional planning and provide essential infrastructure and services to support the green hydrogen business. However, Namakwa District, a rural area with a small population and limited economic activities, may face challenges in generating the necessary revenue to develop the infrastructure required to accommodate the projected population growth and industrial activities by 2035. Existing infrastructure will be under strain to meet the demands of the growing population and industries, emphasising the need for substantial financing for infrastructure development. Watch: https://lnkd.in/d-FuWzKQ

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Discover the Future of Credit Coaching with Sanlam's new AI tool! 🌟 Sanlam Fintech is a business cluster designed to succeed together. A true example of this is Sanlam Studios innovating alongside Sanlam Retail Credit to bring us the future of credit coaching with a Credit Bot. This AI-powered tool retrieves and interprets credit scores and reports, helps users secure loans and improves their credit outcomes and understanding. Keen to give it a try? Click here 👉 https://bit.ly/3QREnSO

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SOUTH AFRICA'S REIPPPP BID WINDOW DEADLINES If you missed the bid window (BW) extended submission dates announcement, fear not—ESI Africa has you covered. This concerns renewable energy BW 7 and battery storage BW 2 and the exciting potential they hold for your business.    The good news is that you now have until 15 August this year to prepare your submission papers for REIPPPP BW 7, giving you ample time to put together a strong proposal. For this Request for Proposals, the country seeks 5,000MW of new generation capacity, comprising 1,800MW of solar PV power and 3,200MW of wind energy. But there is a downside. With this extended submission date, the preferred bidders' announcement will only be in mid-November. This will impact your bottom line as it pushes any commissioning date even further out.   If your company is named as a preferred bidder, you will then have a month to apply to Eskom/National Transmission Company of SA (NTCSA) for a budget quotation. This process involves submitting a detailed financial plan for the project, including projected costs and revenue streams, to Eskom/NTCSA for review and approval.   Your project's commercial close under this extended date is expected to be about eight months after that, with a financial close expected a month later. The Scheduled Commercial Operation Date for the renewable energy projects is expected to be two years after commercial close, by at least mid-2027.   Now, the date for the 615MW under battery storage Bid Window 2 has been moved to 29 August (from 6 June). This BW round is specifically to procure storage capacity spread across the eight Eskom substations in the North West province.    This updated timeline also moves the preferred bidder announcement to the end of November this year, giving bidders until the end of December to apply for budget quotations from Eskom/NTCSA.   Commercial close would be expected by the end of April 2025. After this, the projects would then be scheduled to come online two years later. This means that by the end of April 2027, the projects should be fully operational and generating revenue for the successful bidders.   Good luck to all interested in securing these lucrative deals. You can follow the journey of South Africa’s REIPPPP in this ESI Africa exclusive magazine article. https://lnkd.in/dctngdHi

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South Africa's photovoltaics industry, worth $3.74bn in 2028 - report South Africa’s solar energy sector is poised for a significant leap forward, with a projected market growth of $3.74 billion between 2023 and 2028. This optimistic outlook is driven by several key factors, according to a new industry report by Research And Markets title “Solar Energy Market in South Africa 2024-2028”. https://lnkd.in/gmEwxv8A #SouthAfrica #solarenergy #pv #cleanenergy

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