The move comes as Eskom improves operational stability but remains financially under pressure from costly coal and diesel generation, alongside broader electricity market reforms.
South Africa’s national utility Eskom has launched Eskom Green, a new renewable energy unit focused on the utility-scale segment and the commercial and industrial (C&I) business.
The move is part of the company’s unbundling strategy launched in 2023.
“Eskom Green has been designed in response to global benchmarking research on over 20 utilities,” the power provider said in a statement. “The insights indicate that the development of renewable energy projects requires agile decision-making, access to diverse sources of capital, partnership-based delivery models, and bankable project structures. These differ materially from Eskom’s legacy vertically integrated generation model.”
The company explained that Eskom Green will be separated from Eskom to become a wholly owned subsidiary of Eskom Holdings with an independent board.
