Row rect Shape Decorative svg added to bottom DEALS Accelerating renewable energy progress towards sustainability Absa | Corporate and Investment Banking > Insights and Events > Accelerating renewable energy progress towards sustainability SHARE As a leading Pan-African bank, Absa continues to prioritise financing of renewable energy projects and this transaction amplifies our role as a market leader in driving the Just Energy Transition agenda in our markets. We are proud to have acted as Joint Mandated Lead Arranger, Agent Bank, Joint hedge provider, Lender and the Guarantees issuing bank on a milestone deal and financed ENGIE’s two solar photovoltaic (PV) power plants. This transaction is another big step in the right direction towards advancing the national agenda and providing South Africa with a sustainable energy source under Bid Window Five (BW5) of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The two plants will generate up to 150 MW of renewable, affordable and reliable electricity over 20 years; helping supply power to about 80,000 South African households and cut greenhouse gas emissions annually. The financing of these projects in the renewable energy sector cements our commitment to accelerating progress towards sustainability through our expertise and capabilities. Contact Colin King(opens in new tab) Contact Avania Moosa(opens in new tab) Contact Xoli Nene(opens in new tab) https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Strengthening market access through funding diversification Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. Read more DEALS Absa supports multi-family residential growth with a R355 million Social Loan for Live Easy Absa Corporate and Investment Banking (CIB) has provided a R355 million Social Loan to multi-family residential developer Live Easy, which reinforces a growing relationship aimed at expanding access to quality, affordable rental housing in South Africa. Read more DEALS Supporting cleaner fuels and long-term energy resilience Natref is investing in refinery upgrades that support cleaner-fuel readiness, operational continuity and South Africa’s inland fuel supply. Read more
