Row rect Shape Decorative svg added to bottom Building a more robust green energy landscape Absa | Corporate and Investment Banking > Insights and Events > Building a more robust green energy landscape SHARE South Africa’s green energy sector is poised for significant transformation, with vast untapped investment potential. Our R1.45 billion deal with G7 Renewable Energies and Cennergi Holdings marks a monumental sustainability partnership, highlighting the critical role of finance as a catalyst for advancing renewable energy projects. Since 2008, G7 Renewable Energies (Pty) Ltd has been a pioneer in developing a diverse range of renewable energy technologies in South Africa. As Joint Mandated Lead Arranger, Lender, and Hedge Provider, Absa has contributed R1.45 billion to financing the Karreebosch Wind Farm project—G7’s first wind farm to be built, owned, and operated by the company. This will be the first private wind farm in the region and one of the largest, delivering 140MW of clean, renewable energy to Northam Platinum’s operations. The project will contribute to reducing Northam’s carbon footprint by up to 45%, while providing substantial energy cost savings and improving security of power supply. Our commitment to this project reinforces our shared vision of supporting green energy initiatives, aligning with our broader mission to drive Africa’s green energy transition. As we continue expanding our renewable energy portfolio, we look forward to further partnering with our clients in the sector and strengthening our participation in South Africa’s renewable energy programme. Contact us for more information More on Investment Banking https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports Redefine’s international growth Absa supports Redefine’s international growth through €106 million sustainability-linked financing transaction Read more DEALS Absa supports Waco Africa’s growth ambitions with strategic funding solution Absa Corporate and Investment Banking (CIB) has successfully supported Waco Africa with a comprehensive funding package designed to strengthen the group's growth trajectory and support its long-term strategic objectives. Read more DEALS Connecting African ambition to global expertise Absa CIB and UKEF Establish USD100 Million Trade Finance Programme. Absa Corporate and Investment Banking (Absa CIB) has entered into a strategic partnership with UK Export Finance (UKEF) to establish a USD100 million UKEF-backed headroom programme that will support African small and medium enterprises and corporates purchasing UK goods and services. Read more
