The World Bank's Clean Technology Fund, or CTF), which provides cheap finance for renewable projects in developing countries, has set aside just over 500 million rand ($73.8 million) for South African companies that have potential renewable energy projects.

CTF is a concessional financing made available by 12 donor countries, which pledged $5.7 billion as of January 2009.

For South Africa , this fund promises to boost private investor participation in the energy sector, long dominated by the electricity utility Eskom.

About 75% of total energy consumption and 93% of power generation was from coal in 2004.

The private sector in South Africa is well-developed, but its participation in the energy sector has been limited by the dominance of Eskom and by a number of other financial, institutional, and technical barriers.
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