SARi was launched as an international partnership at a signing ceremony which took place in Durban on December 7th, during the International Climate Change Conference (UNFCCC COP17).
Representatives from the Government of South Africa, as well as partners the Governments of Denmark, Germany, Norway and the United Kingdom, and the European Investment Bank signed a Declaration of Intent in which they pledged to work together to:
- Develop the basis for implementable financial instruments and resources to support an ambitious development of renewables in South Africa.
- Support South Africa in effectively implementing its renewables strategy through technical assistance and sharing of experience.
- Enable wider international collaboration between Government of the Republic of South Africa, other governments and regional and international public bodies.
- Ensure ongoing engagement with broader stakeholders and sources of expertise concerning renewables development in South Africa, including civil society, business, investor and technical expert communities.
- Share experience and models internationally, and explore opportunities for regional synergies.