Since renewable electricity tariffs have decreased over the last few years – 35% and 78% for wind and solar respectively since 2008 – project owners are paying more attention to the competitive advantage of economic development (ED) targets, while increasing the number of local people employed, says juwi Renewable Energies Greg Austin. Primary economic development improvement efforts revolve around local content and job creation which, combined, account for 50% of the ED score and, up to now, Renewable Energy Independent Power Producer Procurement Programme projects have been awarded 70% on tariff and 30% on ED.
Source: www.engineeringnews.co.za
Economic development is a competitive advantage in renewables projects – juwi
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