The first electrons of clean, green energy have officially been wheeled via the City of Cape Town’s energy grid. Growthpoint Properties (JSE: GRT) became the first party to wheel renewable electricity in the City in collaboration with licenced electricity trader Etana Energy.
Wheeling is a process where electricity is bought and sold between private parties, using the existing grid to transport power from where it is generated to end-users that can be long distances apart. It creates greater access to affordable renewable energy and contributes to resolving the country’s energy crisis.
A wheeling agreement between the City and Growthpoint was signed at the end of August, and, in a milestone for renewable energy in Cape Town, solar power from The Constantia Village was successfully injected into the City’s energy grid for the first time on Sunday.hereThe City’s six-month pilot project includes 15 wheeling participants representing 25 generators and 40 customers.
‘The exact mix may vary, but we expect wheeling to contribute up to 350MW to the grid in time. Congratulations to the pioneering private sector players who successfully wheeled the very first electrons, and thanks to the City’s team who worked to get the enabling legislation, billing engine, and wheeling agreements in place. This is good news for the economy and the coming energy transition, which Cape Town is proud to be at the forefront of.
‘We are incredibly excited about this landmark initiative. Allowing the wheeling of electricity to municipal connected customers will accelerate Etana’s mission of bringing much-needed new renewable energy generation onto the grid in South Africa,’ added Reyburn Hendricks, director of Etana Energy.
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