Cape Town wants residents to ditch Eskom and go solar – here’s how it could work and who will pay for it
In an effort to meet its aggressive renewable energy targets, the City of Cape Town has announced that it is working to establish an appropriate business model to stimulate the uptake of solar photovoltaic (PV) systems.
In a statement on Thursday (11 October), the city noted that while it has seen an increasing number of customers installing rooftop solar photovoltaic infrastructure, costs are perceived to be prohibitive by most residents.
“As such the city is happy to announce that a letter of collaboration has been signed with the United States Agency for International Development (USAID) and the Southern Africa Energy Program (SAEP) to investigate appropriate mechanisms to unlock access to the benefits of this technology for more of Cape Town’s residents,” it said.
“While investing in and rolling out renewables is the obvious way forward for a progressive city which is dedicated to growing its status as the green economy hub of Africa, the city is aware that certain barriers exist.
Source: businesstech.co.za