UK funds Africa’s largest battery storage system

The UK has made a significant investment in the energy sector in South Africa, with Globelec committing $300 million as part of the $1.8 billion finance package. The British High Commissioner to South Africa, Antony Phillipson, highlighted the importance of this investment, which will support the Just Energy Transition project in South Africa. The Red Sands project in Upington, Northern Cape, will be the largest battery storage system in Africa and will play a crucial role in enhancing energy security and promoting renewable energy generation. The commitment from the UK is part of the Just Energy Transition Partnership, which includes other countries like France, Germany, the US, and the EU. Denmark and the Netherlands have also joined the initiative. The British International Investment (BII) will contribute to the $1.8 billion fund, in collaboration with Norfund from Norway. The focus on battery storage energy stems from the need to store excess energy generated from renewable sources like wind and solar power. This storage system will help manage fluctuations in energy supply and ensure a stable and reliable grid. The UK government plans to continue its dialogue with South Africa to explore further investment opportunities and support the country's transition to renewable energy. British companies are also showing interest in investing in South Africa, particularly in the renewable energy sector. Despite some challenges in the business environment, UK investors remain committed to finding viable projects in the country. The investment in the energy sector aligns with South Africa's goals to address climate change, create jobs, and boost economic growth. The British High Commissioner reassured that UK companies are dedicated to supporting South Africa's development and will continue to engage with the government on various issues affecting the business climate. Overall, the partnership between the UK and South Africa signals a long-term commitment to sustainable energy development and economic cooperation.