Investment Trends toward Sustainability

15 May 2019
09:00 AM - 10:15 AM
Room - Freesia

Investment Trends toward Sustainability

Concept:                                                           

Renewables are steadily improving their competitiveness vis-à-vis traditional energy sources, fuelled by remorseless reductions in the costs of solar and wind electricity and of lithium-ion batteries. Renewables attract an increasing share of energy investments across the globe, with Investors following suit.

Nordic investors and their development finance institutions are at the forefront of phasing out fossil fuels in their portfolios. Green energy represents 50% of the investment portfolio of Norway’s Norfund. Norfund has participated in renewable energy projects generating a total of more than 5000 MW. The Danish Investment Fund for Developing Countries (IFU) is also actively pursuing renewable energy while the Swedfund’s Climate portfolio expects to deliver affordable clean electricity to approximately seven million people.

How will this shift in the global investments in favour of clean energy, impact South Africa’s energy mix in the long-term? What challenges and opportunities exist within the African renewables energy sector?

  • What does this push for green finance mean for Eskom which generates approximately 50 percent of all electricity in Sub-Saharan Africa mainly from coal?
  • South Africa has a great potential for renewables – Photovoltaic (PV) and wind.  What are necessary conditions to attract investors to take advantage of this green energy potential?
  • What funding exists at present in the local market?  President Ramaphosa’s aim is to increase the foreign investment by USD 100 billion over the next 5 years of which 25% is targeted for the energy sector.  Is South Africa on track to reach this goal?
  • How do Nordic investors see the opportunities for renewables in South Africa and Sub-Saharan Africa?
  • What are the necessary conditions for attracting more investment to the energy sector in the Continent?

 

Panel composition:

# Panellist Company Country
1. Arash Khaki Denmark Export Credit Denmark
2. Leena Klossner                  Nordic Development Fund Finland
3. Jan Fourie Scatec Solar Norway
4. Mr. Veine Goransson Siemens Sweden
5. Grove Steyn Infrastructure & Regulatory Economist South Africa
6. Farai Kanonda African Development Bank, Chief Energy Investment Officer Tunisia
7. Andrew Herscowitz Power Africa USA