Saturday, April 20, 2013

HWB Client Futuregrowth Asset Management provides R2.5bn for solar, wind projects

Asset manager Futuregrowth Asset Management has provided R2.5-billion in debt funding, which will offer investment opportunities in new solar and wind projects for clients’ funds under management.

Over the next 20 years, South Africa’s energy generation capacity will need to increase by more than 40 000 MW, twice as much as currently available.
Futuregrowth believes that renewable resources could comprise nearly 18 GW, or 42% of new generation capacity, if government adheres to the targets set out in the Integrated Resource Plan, which is a 20-year plan to add additional capacity to the grid