South Africa is gearing up to launch its third bid round focused on renewable energy projects in September, according to the Energy Department director-general Nelisiwe Magubane. There have been delays with the first round bidders, but Magubane said that the halts were the government’s fault. “Banks have been queuing to fund the program; the bidders are not struggling with funding.”
The government said it is confident that the winners of the first bid round will reach financial close by the end of August.
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