South Africa provides US$210 million in subsidies to drive photovoltaic energy storage market

In order to alleviate the power crisis in South Africa, the South African government recently announced that the national electricity price will be raised by 18.56% and 12.74% in 2023 and 2024, respectively, in order to save electricity for residents.

At the same time, in order to encourage the construction of distributed photovoltaic power generation and energy storage facilities, the government issued two photovoltaic tax subsidies totaling up to 210 million US dollars.