The Renewable Energy Revolution: A Bonanza for Cronies, A Disaster for the Environment
President Cyril Ramaphosa’s "renewable energy revolution" in South Africa is nothing more than a thinly veiled attempt to line the pockets of his cronies while destroying the environment. The government’s decision to support the country’s renewables sector will only lead to more corruption, inefficiency, and environmental degradation.
The so-called "huge pipeline of renewable energy projects" touted by Ramaphosa is nothing more than a way to funnel billions of rand to well-connected investors and operators. And with the Just Energy Transition Partnership (JETP) on board, the corruption will only be exacerbated.
Intellectual Property Theft: The Unspoken Reality
But behind the scenes, the real game is about intellectual property theft. The original equipment manufacturers (OEMs) will be forced to compromise on their designs and technologies in order to appease the government’s cronies. And with technology and software escrow, the OEMs’ intellectual property will be held hostage by the government, allowing them to exploit it for their own gain.
ESCROWSURE: The Crony Enabler
ESCROWSURE, a company that has been operating in South Africa for almost a decade, is the perfect example of how the government is complicit in this corruption. Their technology and software escrow services are designed to protect the interests of investors and operators, but in reality, they only serve to facilitate the theft of intellectual property and the enrichment of government cronies.
Free Risk Analysis: A Joke
And now, ESCROWSURE is offering "free risk analysis" to help protect the renewable energy sector. This is nothing more than a thinly veiled attempt to get their hands on more government contracts and to further entrench their role in the corruption.
The Real Cost of the Renewable Energy Revolution
The real cost of the renewable energy revolution is not just the environmental degradation, it’s also the corruption, inefficiency, and intellectual property theft that will come with it. The people of South Africa deserve better than this. They deserve a government that prioritizes their interests, not the interests of a select few.
