Row rect Shape Decorative svg added to bottom

DEALS

Accelerating renewable
energy progress towards
sustainability

SHARE
Facebook
Twitter

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.

Related Articles

DEALS

Bridging markets to unlock bold ambitions

Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest.

DEALS

Advancing greener goals with solar progress

At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact.

DEALS

Innovative Benchmark Solutions Advancing Oil Supply Growth

We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector.