Wind Prospect Africa is proud to announce an improvement in their Broad–Based Black Economic Empowerment (B-BBEE) certification to a level two (2 of 8) contributor in 2014 from a level eight contributor in 2013.
B-BBEE is a certification scheme developed by the South African government to bring about a strong economy in South Africa that accurately reflects the demographics of South Africa. Companies are scored on a range of criteria designed to assess their contributions to supporting the initiative.
Wind Prospect Africa has been operating in South Africa since 2010 and is classed as a Qualifying Small Enterprise for the purposes of B-BBEE. The team, based in Cape Town has been providing a wide range of services to the South African renewable energy market through the Renewable Energy Independent Power Producer Programme (REIPPP).
The REIPPP has its own thresholds for a minimum local content requirement for the construction of approved wind farms. The thresholds started at 25% for projects in Rounds one and two, rising to a threshold of 40% in Round three with the threshold yet to be set for Round four.
Oscar van Rooy, General Manager of Wind Prospect Africa said:
“The strategies of B-BBEE and local content requirements of REIPPP are instrumental in developing socio-economic fabric and the wind industry in South Africa. Both strategies have helped to create local jobs and are undoubtedly helping to build a strong economy. Wind Prospect is pleased to have achieved such an improvement in our rating under B-BBEE and we are anticipating renewables to be a big contributor to the future economy of South Africa.”