The Evolving South African Energy Market
Keeping up with changing dynamics
South Africa’s coal heavy power system is undergoing structural change after more than a decade of load shedding, driving market liberalisation and investment in low carbon generation. As new capacity connects, developers face material risks, including policy uncertainty and transmission constraints. These challenges are shaping the evolution of the South African Wholesale Electricity Market (SAWEM) and the risk profile for new projects.
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