POWER, UTILITIES AND INFRASTRUCTURE | 16 FEBRUARY 2021 Bokpoort Concentrated Solar Power Plant: Refinancing of R958M Absa | Corporate and Investment Banking > Insights and Events > Bokpoort Concentrated Solar Power plant SHARE In what is the largest infrastructure refinancing initiative implemented in South Africa to date, Bokpoort’s Concentrated Solar Power Plant (CSP) in the Northern Cape was recently refinanced in a transaction led by its owner, Acwa Power Solafrica Bokpoort. It’s a proud milestone for us at Absa CIB to be a part of a deal that reflects our commitment to clean energy and sustainable finance. R958M was powered into this deal by Absa, the first ever refinancing under the Renewable Energy Independent Power Producer Procurement Programme (“REIPPPP”) in South Africa. This project provides clean energy to some 102,000 households both day and night and created approximately 1,300 construction jobs at peak, and approximately 61 permanent jobs during operations. “Bokpoort remains one of the flagship projects in the African continent and is a testament to South Africa’s energy transition.” -Theuns Ehlers, Head of Resource and Project Finance, Absa CIB https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles RISK MANAGEMENT Widespread progress in African financial markets Absa Africa Financial Markets Index scores rise for majority of the countries Read more RISK MANAGEMENT Africa’s promising financial future is in its own hands Jeff Gable, Chief Economist and Anthony Kirui, Head of Global Markets, Ex.SA at Absa CIB explore the current state of Africa’s financial market development and emphasise why recent progress is likely to lead to improved access to financing in the years ahead. Read more AFMI 2024 Absa Africa Financial Markets Index 2024 Now in its eighth year, the Absa Africa Financial Markets Index evaluates the financial development of African countries based on key measures of market accessibility, openness and transparency. Read more
