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 Absa supports Cape Town Investments 101 (Pty) Ltd’s acquisition of North Ridge Mall Absa Corporate and Investment Banking has successfully supported Cape Town Investments 101 (Pty) Ltd, in the acquisition of North Ridge Mall through an Shari’ah-compliant financing solution. Read more DEALS Absa supports V&A Waterfront’s sustainable growth ambitions Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more
