# Despite Eskom’s improved operational performance, South African companies are increasingly investing in alternative energy to reduce reliance on the power utility and mitigate rising electricity costs. This is according to Stanlib chief economist Kevin Lings. A report from Green Cape has estimated that the private sector will add a further six-thousand-megawatts of solar power and three-thousand-500-megawatts of wind power in the country by 2030. Lings says repeated above-inflation increases in electricity tariffs have resulted in companies looking for alternatives to Eskom to try to reduce costs.
More companies are investing in renewable energy in a bid to be less reliant on Eskom