SA could see a bigger migration to solar power
Solar Capital officially launches what it says is the largest solar power farm in Africa.
DE AAR - Independent power producer, Solar Capital, says as the price of electricity increases, we could see a bigger migration to solar power, which is up to 50 percent cheaper.
The company today officially launches what it says is the largest solar power farm in Africa.
The massive plant is situated in De Aar in the Northern Cape, which is one of the provinces most ideal for solar energy production.
Eskom electricity tariffs are set to increase by 9.4 percent from next month.
But Solar Capital predicts the power utilitys power price will continue to climb as it battles to finish the large-scale Medupi and Kusile power plants.
Solar Capital says theres been a steady increase in the industry as home owners move to solar energy.
The companys solar power farm in De Aar will produce enough electricity to power 75,000 homes.
It, however, says itll be a couple more years that solar energy production will have a direct influence in driving down Eskom prices.