The Renewable Energy Independent Power Producer Procurement (REIPPP) Programme is making a significant impact on the economy, job creation, community upliftment, economic transformation and climate change.

The REIPPP is a competitive tender process that has been designed to facilitate private-sector investment into grid-connected renewable energy generation.

In a short, eight-year period, it has attracted R209,4 billion in committed private-sector investment, resulting in much-needed alleviation of fiscal pressure.

South African entities such as Old Mutual, Red Cap, Phakwe, Pele Green, and many others, including the Central Energy Fund and the Public Investment Cooperation, account for the majority of investment into the REIPPPP.

Renewable independent power producers (IPPs) have created 38 701 jobs years for youth and women from the surrounding communities.

¡§This means 38 701 people have had a full-time job for one year,¡¨ Energy Minister, Jeff Radebe, said at a media briefing in Pretoria.

The minister said local communities had benefitted from over R1 billion spent by IPPs on education by upskilling teachers, providing extra teachers and classrooms, as well as awarding over 600 bursaries to students from disadvantaged communities.

In the health sector, the programme has provided health facilities while contributing to social development through feeding schemes, supporting old-age homes and early childhood development.

Furthermore, it has helped to establish more than 1 000 small enterprises.

¡V Source: SAnews.gov.za