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