Close economic and political ties have triumphed over national interests, business ethics and proper investment protocols as the South African government continues to keep mum despite the R11-billion Chinese auto investment at the Coega Special Economic Zone outside Gqeberha not gaining any tra.
Swedish company Polarium, which produces sustainable energy storage solutions built on lithium-ion technology, has produced about 150,000 batteries within a year to power small homes and big corporations
Spain to invest $2 3 billion in S African energy transition mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Spain has pledged R42 billion to help fund renewable energy, battery storage, transmission, green hydrogen and electric vehicles in South Africa, as well as water and sanitation projects.
The Spanish initiative is in line with the aims of the $8.5-billion Just Energy Transition Partnership between South Africa and funding partners including France, Germany, the US, UK and the European Union.