Their development funds department provides funding support to projects that have a high developmental impact and will, over time, grow our economy.

The department currently manages seven different funds. In this installment, we look at the Green Energy Efficiency Fund.

Energy efficiency is a must for South African companies based on the high increases in electricity prices. Investments are encouraged in energy efficiency and renewable energy projects aimed at improving energy efficiency through reduced energy consumption facilitating South Africa’s transition towards a low-carbon economy.

The energy and related cost savings will drive improved production capacity, operational effectiveness and competitiveness resulting in job creation.

The Green Energy Efficiency Fund supports the introduction of self use renewable energy technologies and will ultimately continue contributing to global climate protection while supporting South Africa’s economic development and growth.

The Benefits of Energy Efficiency Investments for companies

Investing in energy efficiency is a strategic approach to ensure business competitiveness. The benefits of this investment include, but are not limited to:

Pre-screening within one week.

Technical support available for energy assessments based on the size and complexity of your proposed project.

Investment risk reduction through energy efficiency validation checks.

Modernisation of your industrial equipment and the use of energy efficient technologies will result in reduced energy and other costs.

Improved product quality and production capacity while increasing the company’s profitability.

Improved company image due to contributions to carbon footprint reduction and South Africa’s sustainable development goals.
Lower vulnerability to increasing energy prices.

Increased company value.

Technical Support

The IDC has access to international and local technical experts who will support those eligible enterprises who require advice and assessments to support their energy efficient project. This can include:

Performing energy assessments and audits to propose sustainable energy solutions and support the preparation of investment project proposals.

Calculating the economic and financial benefits of the proposed investment.

Supporting your selection of eligible equipment and enhanced performance technologies.