SOUTH AFRICA I MARKET
are still seeking closer relationships with project developers. For component suppliers, this is particularly essential in order to sustain and grow revenue streams.
Only 14 percent felt that regulators would be the most effective people to meet for the expansion of their business. So while 54 percent had suggested a decrease in bureaucracy was the most important measure needed to facilitate the development of the industry, actually meeting with regulators was not a high priority for many of the companies.
Signs of a market evolution
Despite the REIPPP being the current driver of the South African market, interestingly, only 21.5 percent specified the programme as the most credible source of growth in the next 5-10 years. And with a mere 10 percent identifying utility-scale generation outside of the REIPPP as the most reliable avenue of growth, this was even more indicative of the lack of faith in large-scale PV development.
What is remarkably significant is that almost 51 percent see 1-5 MW industrial and commercial deployment as the most credible area for growth in the next 5-10 years, and almost 17 percent see residential deployment as the future source of growth.
These findings show that the market views small-medium scale
In conclusion, the South African PV market is on a steep upward curve of project development, as witnessed by the rising revenues and plentiful business opportunities.
While these profits are naturally a welcome boost to balance sheets, companies are wary of the market’s ability to sustain this growth over the next five years. As a result, many firms are putting plans in place to look beyond the REIPPP and to secure a client base amongst the industrial and commercial sectors, thereby ensuring a sustainable project pipeline should any changes occur.
©2014 Permission required. Angel Business Communications Ltd.
Issue IV 2014 I
www.solar-international.net 11
deployment of PV as a bigger commercial opportunity than the REIPPP; a perspective which is in line with the other question that found overdependence by companies on the REIPPP among the biggest causes of unsustainability in the market.
“The REIPPP has beyond repute driven growth and investment in the PV market in South Africa, however, here is a clear evidence that firms are wary of their dependence on it,” the PV Insider survey report highlights. But the most important finding, it states, is that companies view the potential of distributed generation over and beyond that of utility-scale deployment.
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