*Image courtesy of Unsplash
South Africa, the largest economy in Africa and a key member of the South African Power Pool, is steadily increasing its reliance on renewable energy. Renewables currently provide about 11% of South Africa’s electricity, but this is set to rise significantly. Wind and solar dominate the South Africa I-REC market, but there’s also the availability of biomass and hydro technologies.
By 2030, the country aims to source nearly 49% of its electricity from renewables as it reduces coal dependency. Demand for South African I-RECs has increased significantly, with a 62% rise from 2023 to 2024. I-RECs can be sourced forward by up to five years.
PROJECT TYPE: Wind, Solar, Hydro, and Biogas
ECOLABEL: 3Degrees is the largest seller of EKOenergy-labelled electricity
ONLINE DATE: Varies — we can offer a range of options to meet your needs
LOCATION: South Africa
For buyers who wish to adhere to high standards, such as RE100 and CDP, 3Degrees can help source I-RECs from facilities that achieve the climate impact set forth by these standards.
For generators in South Africa, 3Degrees offers portfolio management services for all or part of your production, along with full offtake agreements, forward agreements, and spot agreements. Contact us to sell your supply.
