Business

South Africa’s virtual renewable electricity model set for 2024

South Africa is gearing up to launch its inaugural virtual renewable electricity system next year. A senior government official has indicated that this new system is expected to be operational by the end of the coming year.


This development, reported by Reuters, holds the potential to greatly boost the utilization of renewable energy and alleviate the strain on Eskom, the state-owned utility company, which has been grappling with challenges due to the ageing of its power plants and an overburdened transmission grid.


These challenges have resulted in frequent and extended power cuts, lasting up to 10 hours daily, aimed at preventing a complete grid collapse.