AIIM is part of Old Mutual Alternative Investments and manages private-equity funds that invest in African infrastructure. The firm, which has $2.4bn under management, recently upgraded its new project pipeline in South Africa from 2,000 to 5,000MW, which it aims to implement in the next three years. The pipeline can “greatly reduce the impact of load shedding,” Ntoi says.
The project pipeline, which AIIM has hired specialist teams to develop, will be made up of at least 100 different operations with average capacity of 50MW or less, Ntoi says. That kind of diversified portfolio will help to resolve the intermittency of solar resources, he says.
Rather than helping to meet peak demand, renewables will also be able to contribute to baseload. State-owned power utility Eskom, he says, is currently using plants designed to meet peak demand as baseload suppliers.
Freeing up “peakers”, to act
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