A representative from the Department of Mineral Resources and Energy’s (DMRE’s) Independent Power Producer (IPP) Office has confirmed that 70% of South Africa’s 64 IPPs have indicated they will participate in the department’s renewable energy project refinancing initiative.

DMRE infrastructure finance head for the IPP Office Elsa Strydom notes that the refinancing initiative of the department bodes well considering that renewable energy projects can help with South Africa’s economic recovery.