- Investec joins RE100, committing to use 100% renewable electricity by 2030.
- The country is in an energy crisis where it is experiencing persistent loadshedding. There is a need to urgently respond with more sustainable, reliable, cheaper and greener electricity solutions, says RE100.
- “By switching to renewable electricity at pace, South Africa can fast-track a new era of energy stability” – Sam Kimmins, Director of Energy, Climate Group.
Investec, a leading international bank and wealth manager, has joined RE100 and is committed to using 100% renewable electricity across its global operations by 2030. Investec is the first business in South Africa to join RE100, the global initiative of over 400 of the world’s largest and most influential businesses committed to 100% renewable electricity.
This news comes as RE100 kick-starts the next phase of its work to accelerate the transition to renewable electricity in South Africa. Through RAiSE (Renewables Ambition in South African Electricity) – a hub established in 2021 at COP26 by RE100, National Business Initiative, and World Business Council for Sustainable Development – RE100 will bring together South African companies with stakeholders from across the energy sector. The aim is to unlock corporate procurement and generation of renewable electricity. South Africa needs available, accessible and affordable renewable electricity, says RE100.
"By switching to renewable electricity at pace, South Africa can fast-track a new era of energy stability. The energy transition in South Africa is not just about meeting climate targets, it’s vital to businesses which rely on a stable, low-cost electricity supply. By joining RE100, Investec is sending a strong signal to policymakers that the future is renewable"
"By switching to renewable electricity at pace, South Africa can fast-track a new era of energy stability. The energy transition in South Africa is not just about meeting climate targets, it’s vital to businesses which rely on a stable, low-cost electricity supply. By joining RE100, Investec is sending a strong signal to policymakers that the future is renewable"
80% of South Africa’s electricity comes from coal. The country is in an energy crisis where it is experiencing persistent loadshedding. There is a need to urgently respond with more sustainable, reliable, cheaper and greener electricity solutions, such as wind and solar, to meet the country’s growing energy demands, continues RE100.
"We are acutely aware of the need for energy security globally and the imperative to transition to a low-carbon economy. By joining RE100, we seek to add our voice to a collective group of institutions that are focused on enabling a just energy transition"
"We are acutely aware of the need for energy security globally and the imperative to transition to a low-carbon economy. By joining RE100, we seek to add our voice to a collective group of institutions that are focused on enabling a just energy transition"
