South African Cabinet Endorses $8.5bn Energy Transition Plan

The South African cabinet has officially endorsed the Just Energy Transition Partnership (JETP) –­ an investment plan that will enable the country to unlock up to $8.5 billion in investment to fund the transition away from coal.

With more than 80% of South Africa’s electricity coming from coal, the plan will help kickstart and accelerate the penetration of renewable energy resources as well as the introduction of new technologies such as electric vehicles, battery energy storage systems and green hydrogen, thereby expanding the country’s energy mix and driving the transition to a clean energy future.