Global renewable energy generation to hit 320 GW this year, Mining Indaba hears

Global renewable energy generation to hit 320 GW this year, Mining Indaba hears: Renewable energy capacity will increase by 8% to 320 GW this year, Ivanhoe Mines founder and CEO Robert Friedland told the Investing in African Mining Indaba on Wednesday at an event themed on the comment of former US president John F Kennedy that the moon launch was being undertaken “not because it was easy, but because it was hard”. “Don’t tell me we have to burn coal. You can say burning coal’s legitimate for Africa to survive as we find a better solution. That’s very true. No one can lecture up that you mustn’t have electrical energy. But don’t tell me there isn’t a solution just because it’s hard,' said Friedland, who described the decision of the United States to set aside $370-billion in the next ten years for renewable energy, pollution reduction and environmental justice as “baby steps for baby feet” and highlighted China as 'leading the way' in wind, solar and new energy grid.

Dire Times !

Normally every new year brings a great deal of optimisim as the market kicks off 

on a renewable urge to get things done!

We in South Africa have never suffered this amount of shortage of electricity in living memory .The much malinged apartheid regime all ways made sure that all power systems were working and that there was no graft of any kind that siphoned off billions of Rands.

There was much moaning about rights,we honestly were treated the same and worked for our living and no scumbags ran away wth money out of the state coffers with out severe punishment!

No one wants now to invest in new business as the state supposedly wants a share of such ventures to be kept for the indiginous interests. All that has happened so far is that the poorest of poor have no prospects at all and usually ministers and their cohorts have incrediably rich,they then move their wealth out of the country as soon as possible!