The
government
stunned
the
renewables
industry
two
weeks
ago
by
announcing
it
would
delay
the
submission
deadline
for
Round
3
projects
until
May
2013
—
having
originally
slated
it
for
1
October.
While
public-sector
delays
are
de
rigueur
in
South
Africa,
developers
were
surprised
and
bewildered
by
the
length
of
the
hold-up.
Meanwhile,
Round
1
projects
—
awarded
at
the
UN
climate
talks
in
Durban
last
December
—
were
supposed
to
have
reached
financial
close
and
been
handed
power-purchase
agreements
(PPAs)
by
June.
But
they
also
remain
in
limbo,
with
the
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