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

Leading the Expansion of Africa’s Capital Markets

We are pleased to have acted as Lead Transaction Advisor for Emtel Limited on their Initial Public Offering and subsequent listing on the Stock Exchange of Mauritius.

DEALS

Accelerating communications access across the continent

We are pleased to have acted as Subscriber and Mandated Lead Arranger for Convergence Partners and the Datacentrix management team in their 100% acquisition of Datacentrix from the Alviva Group.

DEALS

Enabling the vision of a more connected Africa

We are pleased to have acted as sole M&A Advisor to Alviva, in their disposal of Datacentrix to Convergence Partners and the Datacentrix management team.