OGT Energy Welcomes Bid Window 5 Applications Announcement

Remarks by CEO Neo Rapelang
Thursday, 13 May 2021

Renewable energy and its related technologies are not merely dotting the living spaces our masses as a sight anew to them. This industry’s existence mirrors fundamental support from a variety of stakeholders.

It is in that vein that we at OGT Energy note with elation the Department of Minerals and Energy’s announcement in setting in motion processes for Bid Window 5 of the Renewable Energy Independent Power Producers Procurement Programme (REIPPP).

This further bears testament of renewables still being considered as a priority in harnessing environmental sustainability, energy security and a much needed capital injection to the nation’s coffers.

This assurance comes at a time whilst we still marking five years of South Africa hosting the watershed global renewable energy assembly – the South African International Renewable Energy Conference (SAIREC) – held 4-7 October 2015 in Cape Town.

We at OGT recall with pride how for the first time ever; Ministers in energy and related portfolios, technocrats, leaders in private sectors and civil society deliberated on the renewable energy’s future.

As an industry player, it is also with a sense of appreciation that we welcome yet another development on the renewable energy front. The neighbouring town to Kathu, Postmasburg, is readying itself for the construction of what is said to be South Africa’s largest Solar Park, set to be developed to the tune of R11 billion.

It is of utmost importance that local communities derive benefits from such developments in the overarching endeavour of enhancing livelihoods.