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SMME Support as of July 2020

What the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa

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The purpose of this presentation is to provide the information on what the Renewable Energy (IPP) Projects have contributed to the Small Medium Micro Enterprises in South Africa.

AFRICOAST ENGINEERS SA ESTABLISHES RENEWABLE ENERGY COMPANY

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Renewable energy engineering firm AfiCoast Engineers SA has announced that a new company,
AfriCoast Energy, will now be responsible for all future renewable energy projects - particulary
wind and solar - while it will also play a key role in guiding AfriCoast Engineers' current
basket of renewable energy projects.
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Industry News

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Norwegian State guarantee backs Lyra Energy's private power platform in South Africa

South African renewable energy platform Lyra Energy, which is owned by Scatec and STANLIB Infrastructure Investments, has secured a payment guarantee facility backed by the Norwegian State under the Norwegian Agency for Development Cooperation’s (Norad's) Sovereign Guarantee Scheme for Renewable Energy. The facility is a payment-risk mitigation instrument. Lyra says it sits within its trading structure and improves the bankability of its commercial and industrial (C&I) offtake portfolio, giving lenders a more efficient basis for assessing payment risk across a book of corporate customers.

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