Row rect Shape Decorative svg added to bottom At the forefront of scaling energy progress Absa | Corporate and Investment Banking > Insights and Events > At the forefront of scaling energy progress SHARE Mulilo Beaufort West Solar PV project. Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Guarantee Issuing Bank on the financing of Mulilo Energy Holdings’ 380 MWdc Beaufort West Solar PV project. Our financial commitment supports the full lifecycle of the project, from development and construction through to long-term operations. Once operational, the facility will deliver 100% renewable energy under a long-term PPA to and enable cost-competitive, clean power. This pioneering transaction also supports Mulilo’s ambitious strategy to deliver 1 GW of new generation capacity annually, reinforcing the company’s role as a leading contributor to South Africa’s energy transition. Beyond its financial impact, the Beaufort West Solar PV project will deliver lasting social impact, generating skilled jobs during construction and operations, supporting local enterprise development, and delivering long-term upliftment for surrounding communities, particularly those most underserved. This transaction underscores our ability to structure complex wheeled-energy solutions in a fast-evolving market, turning capital into a catalyst for sustainable growth, stronger energy security and inclusive economic development across Africa. Grant Udemans Jamie Adriaanse Silindokuhle Mjoli https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles 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 DEALS Absa supports Growthpoint Healthcare Property Holdings’ expansion into the senior living sector The appointment of Absa as Master Custodian to South Africa's Government Employees Pension Fund (GEPF) has understandably attracted attention within institutional investment circles. The GEPF is not only Africa's largest pension fund but one of the continent's most significant pools of long-term capital. Read more DEALS Absa supports Ilitha’s expansion of fibre connectivity across underserved communities Absa Corporate and Investment Banking (CIB) has successfully supported Ilitha Telecommunications through a R500 million financing facility that will enable the expansion of its fibre network across South Africa’s township economies. Read more
