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Call for rethink amid delays to South Africa’s renewables procurement
The announcement of preferred bidders in the fourth round of South Africa’s multi-billion dollar renewable energy independent power producer procurement (REIPPP) programme has been put back after third-round preferred bidders suffered further delays reaching financial close. The announcement had been scheduled for 24 November. The 17 REIPPP3 preferred bidders were announced on 29 October 2013, and the signing of key agreements was originally scheduled for 30 July. However, margins squeezed to lower tariffs have left the projects vulnerable to shocks, and several have struggled with problems connecting their projects to the grid.
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