South Africa’s state-owned Industrial Development Corp. (IDC), with support from French and German development agencies, Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KfW), is considering making available dedicated credit lines to domestic financial institutions.
The organization is seeking interest for a study that would be split into four modules including:
- A study of the current "sustainable energy landscape and policy framework";
- An assessment of potential demand for such investments by the private sector in targeted investment segments;
- The structuring of the credit line; and
- The structuring of bundled carbon-credit transactions.
And after South Africa passed its renewable energy feed-in tariff (Refit), the IDC is concentrating a big portion of its efforts in renewable energy. Alternative Energy Africa originally announced the IDC’s plans to become more involved in promoting independent power producers (IPPs) in addition to being approached to participate in a 500-MW wind farm in the Western Cape (IDC Joins South Africa’s IPPs for RE). The organization is also considering a R1-billion participation in Eskom’s R6 billion concentrating solar power project.