GreenCape has published a new industry brief titled: Energy Security in South Africa: the business case for energy storage.
South Africa had the worst year of loadshedding on record in 2019 (1352 GWh, 530 hours), with up to Stage 6 load shedding being implemented.
The current energy crisis in South Africa, coupled with the decreasing cost for energy storage systems, will see the market for back-up power as a replacement for diesel generation and solar PV hybrid increase.
If a quarter of new build solar PV systems installed have a storage component coupled with it, there could be a potential storage market of roughly 200MWh per annum, which can be translated to roughly R2 billion market size in a year.
To download this industry brief for free, click here.