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 Contact Avania Moosa Contact Xoli Nene https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Harnessing Partnerships to Power Energy at Scale Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the ZAR 8.4 billion financing of SOLA Group’s 300 MW Naos solar PV project, incorporating 660 MWh of battery storage. Read more DEALS Backing the metals that will power the future Absa is proud to help lead one of South Africa’s landmark mining projects. As joint mandated lead arranger and bookrunner with Ivanplats on a USD700 million project finance facility, we’re powering the Platreef Project’s growth – unlocking critical minerals for a sustainable future. Read more DEALS Backing retail property assets with flexible financing built for growth We are proud to have concluded a landmark real estate financing transaction for Soma Properties Limited contributing toward the expansion of Sarit – Kenya’s most iconic retail and lifestyle mall, and the premium destination mall in East and Central Africa. Read more
