Development Funds
Competitiveness through Energy Savings

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What the Green Energy Efficiency Fund will achieve

GEEF-PromoEnergy 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 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 (GEEF) supports the introduction of energy efficiency and 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:

  • Technical support available for energy assessments based on the size and complexity of your proposed project.
  • Investment risk reduction through energy efficiency validation checks.
  • Modernization 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

We have access to international and local technical experts who will support at no cost eligible enterprises by:

  • 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.

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Programme supported by the German Cooperation and Development Ministry.

In order to support and promote energy efficiency and renewable energy investments the Industrial Development Corporation (IDC) and the German Development Bank (KfW) have partnered, under the framework of the South African-German Financial Cooperation and established a R500 million facility for energy efficiency and small scale renewable energy projects.

The IDC will drive awareness of the need for energy efficiency among enterprises through the promotion of the Green Energy Efficiency Fund which supports the IDC's alignment to the Industrial Policy Action Plan (IPAP2) and the New Growth Path with specific focus on growing the Green Economy.



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