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Ancient Teachings

Genesis 1, 28 says that we should "go forth and multiply, and replenish the earth." Not all Bibles have this "replenish the e...

Monday, November 14, 2011

Local Solar Water Heater Companies going out of business

The problem is that the South African government (Eskom, DOE, etc) keep introducing new tactics in their long term Energy strategy formulated in 2003. My own company invested over R2m in the Feed In Tariff process which isn't happening. We don't actually need a FIT in South Africa because electricity prices are going up so fast, but what we do need is Reverse Feed to be legalised and we need Net Metering to be introduced. The City of Cape Town had Net Metering in their draft tariffs, but not in their final tariffs for this year. So as the government vacillates constantly, it is telling investors it doesn't want us, and is sending the wrong signals. How to fix this?

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