November 29

Coal Declines Amid Solar Boom in South Africa, in Five Charts

By Emma Champion, Head of Regional Energy Transitions, BloombergNEF

South Africa’s coal-heavy power system will transform rapidly even in an economics-led scenario, new BNEF modelling finds. The country needs an average of $5.9 billion of investment in power generation per year from 2021 to 2040, to deliver on the cheapest capacity mix to replace its retiring coal fleet.

Source: Bloomberg (link opens in a new window)

Energy, Environment
decarbonization, renewable energy, solar