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Southern Africa Set for a Flood of Renewable Energy Projects According to Frost & Sullivan
CAPE TOWN, South Africa - Aug. 4 2009 - Despite the considerable potential that exists to produce electricity using renewable energy (RE) in Southern Africa, RE projects have been largely limited to off-grid, small-scale applications. However, the renewable energy market in South Africa is expected to grow exponentially in the next few years, owing to the announcement of the renewable energy feed-in tariff made in March 2009.
New analysis from Frost & Sullivan (http://www.energy.frost.com), Southern African Renewable Energy Equipment Market, finds that the industry earned revenues of $28.4 million in 2008 and estimates this to increase nearly tenfold by 2015, to reach $262.3 million. This will include projects to develop energy from solar photovoltaic, solar thermal, wind power and biomass sources.
If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an e-mail to Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by e-mail.
"The growth of the wind power market and large-scale solar concentrating projects will be driven by an increasing number of joint ventures," notes Frost & Sullivan Research Analyst Sipha Ndawonde. "Such ventures will be between project developers with local knowledge and private equity investment firms, backed by the support of international original equipment manufacturers."
With tightening sources of global credit and more countries reporting negative economic growth rates, private equity investment companies have become more selective and strategic about the sectors into which they invest. Sustainable energy project portfolios have however bulged to more than $1 billion, dedicated to financing RE projects in Southern Africa.
"This is an indication that investors view RE and energy efficiency projects in Southern Africa as having favourable returns and representing a solid investment decision," Ndawonde says. "An abundance of natural resources combined with a stable political environment, reasonable economic growth rates and growing interest from private equity firms means that large-scale RE projects are set to penetrate into the Southern African countries of South Africa, Botswana and Namibia."
Southern African Renewable Energy Equipment Market is part of the Energy & Power Growth Partnership Service programme, which also includes research in the following markets: 360 Degree Perspective of the African Power & Energy Industry, Strategic Analysis of the Cameroonian Electricity Industry, Strategic Analysis of the DRC Electricity Industry, Investment Opportunities for IPPs in West Africa and, Investment Opportunities for IPPs in East Africa. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Southern African Renewable Energy Equipment Market
M404
Contact:
Patrick Cairns
Corporate Communications - Africa
P: +27 18 468 2315
E: patrick.cairns@frost.com
http://www.frost.com
SOURCE Frost & Sullivan
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