The South African government has approved the country’s Renewable Energy Masterplan (SAREM), designed to drive investment across the renewable energy value chain and provide a structured framework for sectoral growth.
The plan prioritizes solar and wind energy, as well as advancements in lithium-ion and vanadium-based battery storage technologies. SAREM is aimed at fostering industrial development, encouraging investment, and promoting job creation within the renewable energy sector.
While SAREM has been officially approved for implementation, the government has directed additional work to refine its provisions. Specific measures include incentivizing investors to finance renewable energy supplier development and integrating green hydrogen into the energy mix. The plan also sets a target of achieving a 5% blend of green hydrogen in aviation and maritime fuels by 2030 to align with international sustainability standards.
Source: Energy Capital and Power
