Why we Won't Be Moving to Sun, Wind Power Anytime Soon -South Africa reveals

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South Africa’s rolling blackouts are costing the country tens of millions of dollars a day in lost productivity, say energy experts. While South Africa’s energy industry pushes for increasing its coal-fired capacity, renewable energy providers say it would do better to take advantage of the African sun and wind. But experts say it will take decades for renewables to make a meaningful contribution to South Africa’s national grid.

South Africa’s repeated four-hour power cuts, known as “load shedding,” are inflicting serious damage on the economy, say energy experts.

Businesses are forced to close their doors and traffic can literally come to a halt without electricity to power traffic lights.

Experts say for every 1,000 megawatts taken off the national grid, South Africa’s economy loses about $70 million a day.

With up to 4,000 megawatts lost during blackouts, the cost of power cuts is quickly adding up.

Critics argue pumping more subsidies into South Africa’s cash-strapped power utility, Eskom, is no solution. Eskom is already buried under a $30 billion mountain of debt.

Renewable energy providers say investing more in coal-fired power plants is not the answer.