Clean Power. Multiplied.

Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion.

Anthem plays a leading role in Southern Africa’s renewable energy transition. As the shift toward renewable energy accelerates, the Notsi Solar PV Project will fast-track the delivery of clean, reliable, and cost-effective power to businesses in South Africa while supporting economic growth, job creation, and sustainable community impact. Through our R2.1 billion contribution in senior debt financing, ancillary facilities, and hedging solutions, we have played a key role in supporting Anthem’s rollout of this large-scale renewable energy project.

The development enables a leading independent power producer and energy traders as power off takers, including Discovery Green and NOA, to expand access to renewable and affordable energy at scale, whilst strengthening their ESG credentials for improved energy security. The project further allows Anthem to increase the supply of competitively priced renewable energy, via its off takers, to many businesses across South Africa, thereby advancing their decarbonisation goals and enhancing energy certainty and resilience. In doing so, it contributes meaningfully to South Africa’s energy transition and the development of a more sustainable and diversified power market.

By combining our deep sector expertise with leading project finance capabilities, we continue to partner with clients to deliver renewable energy solutions that create long-term value for businesses, communities, and the broader economy.

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