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 REPORT Absa Africa Financial Markets Index 2021 No other report dives deeper into Africa’s true potential. 23 surveyed economies, with insights and tools across 6 metrics – geared towards highlighting Africa’s growth potential. Read more REPORT Africa Financial Markets Index 2018 The continent’s financial markets have remained resilient and innovative amid slowing worldwide growth after the synchronised upturn of 2017. However, they remain fragmented and shallow compared to their equivalents in Latin America and Asia. Read more REPORT Africa Financial Markets Index 2019 The continent’s challenges are clearly visible, and its countries are crafting actionable solutions. Highlighting the positive developments in market infrastructure and the fostering of market Growth, The 2019 Absa Africa Financial Markets Index report assesses progress and potential across six key pillars: Read more
