This paper explores the opportunities available for financial institutions in low-income housing sustainable energy projects in South Africa. It will consider what contribution the financial sector can make, as well as the terms under which it might do so.
REEEP Project Outputs
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Illustration of project developer's perspective on carbon market and renewable energy trading through the example of low income housing projects in South Africa
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This document provides information on the work undertaken by SSN in issues relating to the ownership and architecture of a proposed Programmatic CDM project for sustainable energy interventions in low income housing in South Africa.
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Background about the Sustainable Financing Model project that should identify a replication project on which to test and confirm the use of the financing model.
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Publication dateSectors
Background
The purpose of the project is to identify tangible and profitable opportunities to install mini hydro (e.g. 100kW to 1MW) on existing water supply infrastructure in the Republic of South Africa using Durban City Council as a model. Durban (eThhekwini) Council has progressed the development of two mini hydro schemes on existing infrastructure (to tender stage) but are unable to fund the development of other opportunities that exist.
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Background
Cities in South Africa are responsible for around 40% of the total national power demand. Many municipalities depend on surplus revenues from electricity to subsidise their operations. At the same time government policy requires that they implement EE programmes and facilitate small-scale RE generation which threatens their financial sustainability. In parallel the high-end users who generate the greatest revenue are also the most likely to seek alternatives such as small-scale solar PV systems.
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Publication dateObjectiveSectors
To develop a financial model appropriate to the South African context that will enable the national replication of the 'low income urban housing energy upgrade project', currently being piloted in Kuyasa, Cape Town. This development process will consider both CDM and TREC financing mechanisms, for which the energy upgrade project is eligible.
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Publication dateObjectiveSectors
Developing policy and regulatory summary templates for key countries in the region. These summaries will serve as an important input for the SERN global policy review. Similarly, regional activities (outlined below) will further highlight the needs/gaps for sustainable energy policy reform.
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Publication dateObjectiveSectors
Analyse, understand and build capacity for addressing the challenges associated with lending to the Tea and Sugar industry for sustainable energy investments, and enhance networking among financial institutions interested in financing these sectors.