South Africa’s state-owned utility, Eskom Holdings SOC Ltd., has issued an Invitation to Tender (ITT) to establish a standalone renewable energy subsidiary.
This invitation will assist Eskom in accelerating the deployment of renewable energy solutions, as published on Monday, 14th April, 2025, on its official website.
As stated, the objective for the new subsidiary will be to operate independently of the main Eskom entity to allow for greater governance agility, competitive market positioning, and enhanced Public-Private Partnerships (PPPs).
The partner’s support will also be required for 12 months.
The tender, closing on May 7, 2025, invites strategic partners with proven expertise in renewable energy ventures to support this transformative initiative.
New subsidiary tender requirements
Eskom’s tender outlines stringent criteria for potential partners. Applicants must demonstrate a track record in establishing renewable energy companies, delivering Public-Private Partnerships (PPPs), and managing Special Purpose Vehicles (SPVs).
Expertise in Independent Power Producer (IPP) business models, financial structuring, and technical capabilities is essential.
This structure aims to attract significant investment into South Africa’s renewable energy portfolio, addressing the nation’s power shortages while promoting sustainability.
Eskom’s commitment to a diversified energy mix
Eskom is dedicated to maintaining a balanced energy portfolio, integrating coal, nuclear, gas, renewables, Battery Energy Storage Systems (BESS), and pumped hydro to secure a reliable supply and meet South Africa’s growing electricity demand sustainably.
“Agility and efficiency is at the heart of preparing for a competitive marketplace and ensuring we serve our current and future customers with the electricity supply solutions they require.”
“We are now a year into our turnaround strategy, and we are not just focused on ending loadshedding; at the same time, we are pivoting Eskom into a sustainable and competitive company while ensuring security of supply,” said Dan Marokane, Eskom’s Group Chief Executive.
In the bid to eliminate loadshedding, South Africa’s Eskom delivered 300 days of electricity generation without load shedding in January 2025.
In the same month, the firm synchronized Unit 2 at the Koeberg Nuclear Power Station to the national grid, boosting the country’s energy mix with 930MW of capacity.
