Eskom launched its first Renewable Energy Offtake Programme this week.
The national power utility hopes to procure 291 Megawatts (MW) of Solar Photovoltaic (PV), through long-term power purchase agreements (PPAs).
Eskom’s Dan Marokane, said the programme was established after an Expression of Interest (EOI) process and extensive engagement with commercial and industrial customers.
Successful bidders will enter PPAs ranging from 5 to 25 years, with renewable energy delivered in phases from multiple Eskom projects, starting from December 2027.
“This is the next step in the focused execution of our strategy to integrate additional renewable energy into the grid, in line with global electricity industry trends, for environmentally sustainable solutions that support broader decarbonisation objectives. We have seen strong interest in Eskom’s capabilities in green energy supply, which this programme demonstrates. Just over a year into our turnaround strategy, we are not only focused on ending loadshedding but are also pivoting Eskom into a sustainable and competitive company while ensuring security of supply through a customer-centric approach,” said Marokane.